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 <p style="margin:0pt 0pt .0001pt;"><a name="scotch"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As filed with the Securities and Exchange Commission on November 15, 2006</font></a></p> <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p align="right" style="border:none;margin:0pt 0pt 12.0pt;padding:0pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registration No. 333-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> </div>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p style="font-weight:bold;line-height:9.0pt;margin:0pt 0pt 3.5pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D.C. 20549</font></b></p>

<div style="line-height:9.0pt;margin:0pt 0pt 8.0pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p style="font-weight:bold;margin:6.0pt 0pt 3.5pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">FORM S-8</font></b></p>

<p style="font-weight:bold;margin:6.0pt 0pt 3.5pt;page-break-after:avoid;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;">REGISTRATION STATEMENT UNDER<br>
THE SECURITIES ACT OF 1933</font></b></p>

<p style="font-weight:bold;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;">RADVIEW SOFTWARE LTD.</font></b></p>

<p align="center" style="margin:0pt 0pt 9.5pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of the
Registrant as specified in its charter)</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Israel</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not
  Applicable</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction of</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
  Identification No.)</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">incorporation or
  organization)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">14
  Hamelacha St., Park Afek</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Rosh
  Haayin</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">48091</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
  Principal Executive Offices)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="font-size:10.0pt;margin:0pt 0pt 3.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RadView
Software&nbsp;Ltd. Key Employee Share Incentive Plan (1996)<br>
RadView Software&nbsp;Ltd. United States Share Incentive Plan (2000)<br>
</font></b>(Full title of the Plans)</p>

<p align="center" style="margin:0pt 0pt 6.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RadView
Software Ltd.<br>
14 Hamelacha St., Park Afek<br>
Rosh Haayin 48091<br>
Israel</font></b></p>

<p align="center" style="font-size:10.0pt;margin:0pt 0pt 3.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RadView
Software&nbsp;Inc.<br>
7 New England Executive Park<br>
Burlington, Massachusetts 01803<br>
(781) 238-1111<br>
</font></b>(Name and address of agent for service)<br>
(Telephone number, including area code, of agent for service)</p>

<p align="center" style="margin:6.0pt 0pt 3.0pt;text-align:center;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Copy
to</font>:</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Brian Brodrick, Esq.</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shlomo
  Landress, Adv.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Phillips
  Nizer LLP</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Amit,
  Pollak, Matalon &amp; Co.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">666
  Fifth Avenue</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NYP
  Tower, 19th Floor</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New
  York, New York 10103</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">17
  Yitzhak Sadeh St.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(212)
  841-0700</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Tel
  Aviv, 67775, Israel</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt .7pt;width:2.38%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="48%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:48.8%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">972-3-561-5268</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="line-height:1.0pt;margin:0pt 0pt 6.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:6.0pt 0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CALCULATION OF
REGISTRATION FEE</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="31%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <p style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><!-- SET mrlNoTableShading -->Title&nbsp;of&nbsp;Securities&nbsp;To&nbsp;Be<br>
  Registered</p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="15%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:15.88%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;To&nbsp;Be<br>
  Registered&nbsp;(1)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="14%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:14.1%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed&nbsp;Maximum<br>
  Offering&nbsp;Per<br>
  Share(2)</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:11.26%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed<br>
  Maximum&nbsp;Price<br>
  Aggregate<br>
  Offering&nbsp;Price</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:16.32%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Amount&nbsp;of&nbsp;Registration<br>
  Fee</font></b></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="31%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.74%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ordinary Shares,
  nominal value NIS 0.01 per share</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.88%;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,000,000
  Ordinary<br>
  Shares</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="13%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.07</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="10%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:10.28%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">350,000</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:2.38%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:1.0%;">
  <p align="left" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="15%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.34%;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37.45</font></p>
  </td>
  <td width="1%" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.18%;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="237" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="119" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="98" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="77" style="border:none;"></td>
  <td width="18" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="116" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
 </tr>
</table>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;"></div>

<p style="font-size:10.0pt;margin:0pt 36.0pt 5.5pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>This Registration
Statement relates to an additional 4,000,000 Ordinary Shares to be granted
under the Company&#146;s Key Employee Share Incentive Plan (1996) and an additional
1,000,000 Ordinary Shares to be granted under the Company&#146;s United States Share
Incentive Plan (2000), plus such additional indeterminable number of shares as
may be required pursuant to these plans in the event of a stock dividend, stock
split, recapitalization or other similar change in the ordinary shares.</p>

<p style="font-size:10.0pt;margin:0pt 36.0pt 11.5pt;text-indent:-18.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Computed in accordance
with Rule&nbsp;457(h) under the Securities Act of 1933, as amended, such
computation is based on $0.07 per share (the average of the high and the low
prices of the Company&#146;s ordinary shares as reported on the National Association
of Securities Dealers Automated Quotation system on November&nbsp;10, 2006).</p>


 <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0pt 0pt 0pt 0pt;"> <p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div dir="RTL">
 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
COMPANY HAS RECEIVED FROM THE SECURITIES AUTHORITY OF THE STATE OF ISRAEL AN
EXEMPTION FROM THE OBLIGATION TO PUBLISH THIS FORM S-8 IN THE MANNER REQUIRED
FOR THE PUBLICATION OF A PROSPECTUS PURSUANT TO THE PREVAILING LAWS OF THE
STATE OF ISRAEL. NOTHING IN SUCH EXEMPTION SHALL BE CONSTRUED AS AUTHENTICATION
OR APPROVAL OF THE RELIABILITY OR ACCURACY OF THE MATTERS CONTAINED IN THIS
FORM S-8 OR AS AN EXPRESSION OF OPINION AS TO THE QUALITY OF THE SECURITIES
WHICH ARE THE SUBJECT OF THIS FORM S-8.</font></b></p>

<p align="center" dir="LTR" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXPLANATORY
NOTE</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Registration
Statement on Form&nbsp;S-8 registers an additional 4,000,000 Ordinary Shares of
RadView Software&nbsp;Ltd. to be granted under the Company&#146;s Key Employee Share
Incentive Plan (1996) and an additional 1,000,000 Ordinary Shares of RadView Software&nbsp;Ltd.
to be granted under the Company&#146;s United States Share Incentive Plan (2000).
The contents of the Company&#146;s Registration Statement on Form&nbsp;S-8 relating
to these plans (Registration No.&nbsp;333-67086 filed with the Securities and
Exchange Commission on August&nbsp;8, 2001) are hereby incorporated by
reference.</font></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6.
INDEMNIFICATION OF DIRECTORS AND OFFICERS.</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consistent with the
provisions of the Israeli Companies Law, 1999 (the &#147;Companies Law&#148;), the
Articles of Association of the Company (the &#147;Articles&#148;) include provisions
permitting the Company to procure insurance coverage for its &#147;office holders&#148;,
exempt them from certain liabilities and indemnify them, to the maximum extent
permitted by law. An &#147;office holder&#148; is defined in the Companies Law and the
Articles as a director, managing director, chief business manager, executive
vice president, vice president, other manager reporting directly to the
managing director and any other person assuming the responsibilities of any of
the foregoing positions without regard to such person&#146;s title.</font></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INSURANCE</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Companies Law,
a company may obtain insurance for any of its office holders for: (i) a breach
of his duty of care to the company or to another person; (ii) a breach of his
duty of loyalty to the company provided that the office holder acted in good
faith and had reasonable cause to assume that his act would not prejudice the
company&#146;s interests; or (iii) a financial liability imposed upon him in favor
of another person concerning an act preformed by him in his capacity as an
office holder. The Company has obtained directors&#146; and officers&#146; liability
insurance covering its officers and directors.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INDEMNIFICATION</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Companies Law
provides that a company may indemnify an officer holder against: (i) a
financial liability imposed on him in favor of another person by any judgment
concerning an act preformed in his capacity as an office holder; (ii)
reasonable litigation expenses, including attorneys&#146; fees, expended by the
office holder or charged to him by a court relating to an act preformed in his
capacity as an office holder in connection with: (a) proceedings the company
institutes against him or instituted on its behalf or by another person; (b) a
criminal charge from which he was acquitted; (c) a criminal charge in which he
was convicted for a criminal offence that does not require proof of criminal
intent; and (d) an investigation or a proceeding instituted against him by an
authority competent to administrate such an investigation or proceeding that
ended without the filing of an indictment against the office holder and, either
without any financial obligation imposed on the office holder in lieu of
criminal proceedings; or with financial obligation imposed on him in lieu of
criminal proceedings, in a crime which does not require proof of criminal
intent.</font></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s Articles
authorize the Company to indemnify its office holders to the fullest extent
permitted under the law. The Companies Law also authorizes a company to
undertake in advance to indemnify an office holder with respect to events
specified above, provided that, with respect to indemnification under
sub-section (i) above, the undertaking: (a) is limited to events which
the board of directors determines can be anticipated, based on the activity of
the Company at the time the undertaking is given; (b) is limited in amount or
criteria determined by the board of directors to be reasonable for the
circumstances; and (c) specifies the abovementioned events, amounts or
criteria. The Company has entered into indemnification agreements with its
directors and officers.</font></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXEMPTION</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Companies Law,
an Israeli company may not exempt an office holder from liability for a breach
of his duty of loyalty, but may exempt in advance an office holder from his
liability to the company, in whole or in part, for a breach of his duty of
care, provided that in no event shall the office holder be exempt from any
liability for damages caused as a result of a breach of his duty of care to the
company in the event of a &#147;distribution&#148; (as defined in the Companies Law). The
Articles authorize the Company to exempt any office holder from liability to
the Company to the extent permitted by law. Both the Companies Law and the
Articles provide that the Company may not exempt or indemnify an office holder
nor enter into an insurance contract which would provide coverage for liability
incurred as a result of any of the following: (a) a breach by the office holder
of his duty of loyalty (however, the Company may insure and indemnify against
such breach if the office holder acted in good faith and had a reasonable basis
to assume that the act would not harm the Company); (b) a breach by the office
holder of his duty of care if the breach was done intentionally or recklessly,
unless made in negligence only; (c) any act done with the intent to derive an
illegal personal benefit; or (d) any fine or monetary penalty levied against
the office holder.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p dir="LTR" style="margin:0pt 0pt 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE FOLLOWING EXHIBITS
ARE FILED HEREWITH:</font></p>

<div align="left" dir="ltr" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;margin-left:36.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:42.0pt;">
  <p align="left" dir="LTR" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:left;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading -->Exhibit No.</p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p dir="LTR" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="536" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:402.05pt;">
  <p dir="LTR" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="536" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:402.05pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Amit, Pollak, Matalon &amp; Co., as to
  legality of shares being registered</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="536" valign="top" style="padding:0pt .7pt 0pt 0pt;width:402.05pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Amit, Pollak, Matalon &amp; Co. (included
  in opinion of counsel filed as Exhibit 5).</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="536" valign="top" style="padding:0pt .7pt 0pt 0pt;width:402.05pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Kost Forer Gabbay &amp; Kasierer, a
  Member of Ernst &amp; Young Global</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="536" valign="top" style="padding:0pt .7pt 0pt 0pt;width:402.05pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers of Attorney &#150; included on the signature page
  of this Registration Statement;</font></p>
  </td>
 </tr>
</table>

</div>

<p dir="LTR" style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" dir="LTR" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p dir="LTR" style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in Rosh
Haayin, Israel on the 15th day of November, 2006.</font></p>

<div align="left" dir="ltr" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.7%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="79%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:79.3%;">
  <p dir="LTR" style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><b>RADVIEW SOFTWARE LTD.</b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.7%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="79%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:79.3%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.7%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="28%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:28.32%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Limor Stoller</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.54%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.7%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:28.32%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Limor Stoller</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.54%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="20%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:20.7%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:28.32%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice-President
  of Finance</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.54%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p dir="LTR" style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" dir="LTR" style="margin:6.0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POWER OF
ATTORNEY</font></b></p>

<p dir="LTR" style="font-family:Times New Roman;font-size:10.0pt;margin:6.0pt 0pt 12.0pt;text-indent:36.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">KNOW ALL
MEN BY THESE PRESENTS</font></b>, that each individual whose signature
appears below constitutes and appoints each of Mr. Yochai Hacohen or Ms. Limor
Stoller is true and lawful attorney-in-fact and agent with full power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign this Registration Statement and any and all
future amendments (including post-effective amendments) to the Registration
Statement, and to file the same with all exhibits thereto, and all documents in
connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact
and agent or substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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 <p style="margin:0pt 0pt .0001pt;text-align:center;"></p>


<p dir="LTR" style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates
indicated:</font></p>

<div align="center" dir="ltr" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableCenter --><!-- SET mrlNoTableShading --><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p align="center" dir="LTR" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="246" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p align="center" dir="LTR" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title</font></b></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p align="center" dir="LTR" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="134" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p align="center" dir="LTR" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Date</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Jaron Lotan</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board of Directors</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 13, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jaron Lotan</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Yochai
  Hacohen</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Executive Officer and Director </font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yochai Hacohen</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Executive Officer)</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Limor
  Stoller</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice-President
  of Finance </font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Limor Stoller</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal Financial and Accounting<br>
  Officer)</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ilan
  Kinreich</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ilan Kinreich</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Eli Blatt</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eli Blatt</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shai Beilis</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ David Assia</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David Assia</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Hanna Lerman</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 15, 2006</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="220" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:164.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hanna Lerman</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="246" valign="top" style="padding:0pt .7pt 0pt 0pt;width:184.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.8pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p dir="LTR" style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div align="left" dir="ltr" style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="73%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:73.24%;">
  <p dir="LTR" style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->Authorized Representative in
  the U.S.:</p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="73%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:73.24%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="73%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:73.24%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RadView Software Inc.</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="73%" colspan="5" valign="top" style="padding:0pt .7pt 0pt 0pt;width:73.24%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:14.86%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;/s/
  Keith Bard</font></p>
  </td>
  <td width="54%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:54.42%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Keith Bard</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:43.52%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Controller</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:43.52%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="6%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.94%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:</font></p>
  </td>
  <td width="22%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November 14, 2006</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:43.52%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.96%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.8%;">
  <p dir="LTR" style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="30" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
  <td width="89" style="border:none;"></td>
  <td width="82" style="border:none;"></td>
  <td width="326" style="border:none;"></td>
  <td width="37" style="border:none;"></td>
  <td width="163" style="border:none;"></td>
 </tr>
</table>

</div>

<p dir="LTR" style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


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[{"type": "S-8", "sequence": "1", "filename": "a06-24004_1s8.htm", "description": "SECURITIES TO BE OFFERED TO EMPLOYEES PURSUANT TO EMPLOYEE BENEFIT PLANS", "secsgml_size_bytes": 82514}]
{"company-data": {"conformed-name": "RADVIEW SOFTWARE LTD", "cik": "0001114999", "assigned-sic": "7372", "irs-number": "000000000"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-138719", "film-number": "061219006"}, "business-address": {"street1": "2 HABARZEL ST", "city": "TEL AVIV ISRAEL", "state": "L3", "phone": "6172381111"}, "mail-address": {"street1": "2 HABARZEL STREET", "city": "TEL AVIV ISRAEL", "state": "L3"}}
As filed with the Securities and Exchange Commission on November 15, 2006
Registration No. 333-
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
RADVIEW SOFTWARE LTD.
(Exact name of the
Registrant as specified in its charter)
Israel
Not
  Applicable
(State or other
  jurisdiction of
(I.R.S. Employer
  Identification No.)
incorporation or
  organization)
14
  Hamelacha St., Park Afek
Rosh
  Haayin
48091
(Address of
  Principal Executive Offices)
(Zip Code)
RadView
Software Ltd. Key Employee Share Incentive Plan (1996)
RadView Software Ltd. United States Share Incentive Plan (2000)
(Full title of the Plans)
RadView
Software Ltd.
14 Hamelacha St., Park Afek
Rosh Haayin 48091
Israel
RadView
Software Inc.
7 New England Executive Park
Burlington, Massachusetts 01803
(781) 238-1111
(Name and address of agent for service)
(Telephone number, including area code, of agent for service)
Copy
to
:
Brian Brodrick, Esq.
Shlomo
  Landress, Adv.
Phillips
  Nizer LLP
Amit,
  Pollak, Matalon & Co.
666
  Fifth Avenue
NYP
  Tower, 19th Floor
New
  York, New York 10103
17
  Yitzhak Sadeh St.
(212)
  841-0700
Tel
  Aviv, 67775, Israel
972-3-561-5268
CALCULATION OF
REGISTRATION FEE
Title of Securities To Be
Registered
Amount To Be
Registered (1)
Proposed Maximum
Offering Per
Share(2)
Proposed
Maximum Price
Aggregate
Offering Price
Amount of Registration
Fee
Ordinary Shares,
  nominal value NIS 0.01 per share
5,000,000
  Ordinary
Shares
$
0.07
$
350,000
$
37.45
(1)
This Registration
Statement relates to an additional 4,000,000 Ordinary Shares to be granted
under the Company's Key Employee Share Incentive Plan (1996) and an additional
1,000,000 Ordinary Shares to be granted under the Company's United States Share
Incentive Plan (2000), plus such additional indeterminable number of shares as
may be required pursuant to these plans in the event of a stock dividend, stock
split, recapitalization or other similar change in the ordinary shares.
(2)
Computed in accordance
with Rule 457(h) under the Securities Act of 1933, as amended, such
computation is based on $0.07 per share (the average of the high and the low
prices of the Company's ordinary shares as reported on the National Association
of Securities Dealers Automated Quotation system on November 10, 2006).
THE
COMPANY HAS RECEIVED FROM THE SECURITIES AUTHORITY OF THE STATE OF ISRAEL AN
EXEMPTION FROM THE OBLIGATION TO PUBLISH THIS FORM S-8 IN THE MANNER REQUIRED
FOR THE PUBLICATION OF A PROSPECTUS PURSUANT TO THE PREVAILING LAWS OF THE
STATE OF ISRAEL. NOTHING IN SUCH EXEMPTION SHALL BE CONSTRUED AS AUTHENTICATION
OR APPROVAL OF THE RELIABILITY OR ACCURACY OF THE MATTERS CONTAINED IN THIS
FORM S-8 OR AS AN EXPRESSION OF OPINION AS TO THE QUALITY OF THE SECURITIES
WHICH ARE THE SUBJECT OF THIS FORM S-8.
EXPLANATORY
NOTE
This Registration
Statement on Form S-8 registers an additional 4,000,000 Ordinary Shares of
RadView Software Ltd. to be granted under the Company's Key Employee Share
Incentive Plan (1996) and an additional 1,000,000 Ordinary Shares of RadView Software Ltd.
to be granted under the Company's United States Share Incentive Plan (2000).
The contents of the Company's Registration Statement on Form S-8 relating
to these plans (Registration No. 333-67086 filed with the Securities and
Exchange Commission on August 8, 2001) are hereby incorporated by
reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 6.
INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Consistent with the
provisions of the Israeli Companies Law, 1999 (the "Companies Law"), the
Articles of Association of the Company (the "Articles") include provisions
permitting the Company to procure insurance coverage for its "office holders",
exempt them from certain liabilities and indemnify them, to the maximum extent
permitted by law. An "office holder" is defined in the Companies Law and the
Articles as a director, managing director, chief business manager, executive
vice president, vice president, other manager reporting directly to the
managing director and any other person assuming the responsibilities of any of
the foregoing positions without regard to such person's title.
INSURANCE
Under the Companies Law,
a company may obtain insurance for any of its office holders for: (i) a breach
of his duty of care to the company or to another person; (ii) a breach of his
duty of loyalty to the company provided that the office holder acted in good
faith and had reasonable cause to assume that his act would not prejudice the
company's interests; or (iii) a financial liability imposed upon him in favor
of another person concerning an act preformed by him in his capacity as an
office holder. The Company has obtained directors' and officers' liability
insurance covering its officers and directors.
2
INDEMNIFICATION
The Companies Law
provides that a company may indemnify an officer holder against: (i) a
financial liability imposed on him in favor of another person by any judgment
concerning an act preformed in his capacity as an office holder; (ii)
reasonable litigation expenses, including attorneys' fees, expended by the
office holder or charged to him by a court relating to an act preformed in his
capacity as an office holder in connection with: (a) proceedings the company
institutes against him or instituted on its behalf or by another person; (b) a
criminal charge from which he was acquitted; (c) a criminal charge in which he
was convicted for a criminal offence that does not require proof of criminal
intent; and (d) an investigation or a proceeding instituted against him by an
authority competent to administrate such an investigation or proceeding that
ended without the filing of an indictment against the office holder and, either
without any financial obligation imposed on the office holder in lieu of
criminal proceedings; or with financial obligation imposed on him in lieu of
criminal proceedings, in a crime which does not require proof of criminal
intent.
The Company's Articles
authorize the Company to indemnify its office holders to the fullest extent
permitted under the law. The Companies Law also authorizes a company to
undertake in advance to indemnify an office holder with respect to events
specified above, provided that, with respect to indemnification under
sub-section (i) above, the undertaking: (a) is limited to events which
the board of directors determines can be anticipated, based on the activity of
the Company at the time the undertaking is given; (b) is limited in amount or
criteria determined by the board of directors to be reasonable for the
circumstances; and (c) specifies the abovementioned events, amounts or
criteria. The Company has entered into indemnification agreements with its
directors and officers.
EXEMPTION
Under the Companies Law,
an Israeli company may not exempt an office holder from liability for a breach
of his duty of loyalty, but may exempt in advance an office holder from his
liability to the company, in whole or in part, for a breach of his duty of
care, provided that in no event shall the office holder be exempt from any
liability for damages caused as a result of a breach of his duty of care to the
company in the event of a "distribution" (as defined in the Companies Law). The
Articles authorize the Company to exempt any office holder from liability to
the Company to the extent permitted by law. Both the Companies Law and the
Articles provide that the Company may not exempt or indemnify an office holder
nor enter into an insurance contract which would provide coverage for liability
incurred as a result of any of the following: (a) a breach by the office holder
of his duty of loyalty (however, the Company may insure and indemnify against
such breach if the office holder acted in good faith and had a reasonable basis
to assume that the act would not harm the Company); (b) a breach by the office
holder of his duty of care if the breach was done intentionally or recklessly,
unless made in negligence only; (c) any act done with the intent to derive an
illegal personal benefit; or (d) any fine or monetary penalty levied against
the office holder.
3
THE FOLLOWING EXHIBITS
ARE FILED HEREWITH:
Exhibit No.
Description
5
Opinion of Amit, Pollak, Matalon & Co., as to
  legality of shares being registered
23.1
Consent of Amit, Pollak, Matalon & Co. (included
  in opinion of counsel filed as Exhibit 5).
23.2
Consent of Kost Forer Gabbay & Kasierer, a
  Member of Ernst & Young Global
24
Powers of Attorney – included on the signature page
  of this Registration Statement;
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company
certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in Rosh
Haayin, Israel on the 15th day of November, 2006.
RADVIEW SOFTWARE LTD.
By:
/s/ Limor Stoller
Limor Stoller
Vice-President
  of Finance
POWER OF
ATTORNEY
KNOW ALL
MEN BY THESE PRESENTS
, that each individual whose signature
appears below constitutes and appoints each of Mr. Yochai Hacohen or Ms. Limor
Stoller is true and lawful attorney-in-fact and agent with full power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities, to sign this Registration Statement and any and all
future amendments (including post-effective amendments) to the Registration
Statement, and to file the same with all exhibits thereto, and all documents in
connection therewith, with the Securities and Exchange Commission, granting
unto said attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said attorney-in-fact
and agent or substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
4
Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the dates
indicated:
Signature
Title
Date
/s/ Jaron Lotan
Chairman of the Board of Directors
November 13, 2006
Jaron Lotan
/s/ Yochai
  Hacohen
Chief Executive Officer and Director
November 15, 2006
Yochai Hacohen
(Principal Executive Officer)
/s/ Limor
  Stoller
Vice-President
  of Finance
November 15, 2006
Limor Stoller
(Principal Financial and Accounting
Officer)
/s/ Ilan
  Kinreich
Director
November 15, 2006
Ilan Kinreich
/s/ Eli Blatt
Director
November 15, 2006
Eli Blatt
Director
Shai Beilis
/s/ David Assia
Director
November 15, 2006
David Assia
/s/ Hanna Lerman
Director
November 15, 2006
Hanna Lerman
Authorized Representative in
  the U.S.:
RadView Software Inc.
By:
/s/
  Keith Bard
Name:
Keith Bard
Title:
Controller
Date:
November 14, 2006
5