with Turkish Holding Company EKBA HOLDINGS

According to the agreement, the parties will examine the possibility of investing and establishing a strategic alliance in Turkey that will endeavor to integrate Trucknet’s technology in the Turkish logistics and transportation industry, and in additional countries in the region.

’’Such cooperation between the companies will significantly increase potential customers and link two companies that manage a database of valuable information, technology, assets and partnerships, which will contribute to Trucknet’s expansion in Turkey and other countries in the region. "Our collaboration with EKBA Holding creates opportunities to expand operations in regions of strategic importance in connection with trade in European and OECD countries."

• EKBA Holding actively operates in a variety of fields including green energy, construction, transportation, logistics, smart defense systems, real estate, and freight.

According to CihanEkşioğlu, CEO of EKBA Holding, "As relations between Turkey and Israel improve, we are delighted to collaborate with Trucknet and be part of the transportation and logistics revolution. Trucknet leads in innovate unique solutions, use of Artificial Intelligence and Big Data, optimization for freight and transportation fleet management, cost reduction, as a collaborative economic model, reducing the number of empty transports and calculating and reducing carbon emissions. We are particularly pleased about this cooperation between an Israeli technological ecosystem and the Turkish market for the prosperity and well-being of our users.

According to Hanan Fridman, Founder & CEO of Trucknet "This strategic move by Trucknet, liaising with one of the largest holding companies in Turkey, offers the opportunity to penetrate a huge market and expand to other countries in the region.

The cooperation between the companies will significantly increase potential customers and link two companies that manage a database of valuable information, technology, assets and partnerships, which will contribute to Trucknet’s expansion in Turkey and other countries in the region. "Our collaboration with EKBA Holding creates opportunities to expand operations in regions of strategic importance in connection with European trade and OECD countries. "Our collaboration with EKBA Holding creates opportunities to expand operations in regions of strategic importance for the implementation of Trucknet’s technology and in context oftrade with European and OECD countries on the subject of pollutant emissions."

Israel January 31, 2022, (T.A.: Tran) Trucknet announces that it has today signed a preliminary Memorandum of Understanding with EBKA Holding, Turkey. The cooperation between the companies will work to examine a joint investment in a venture, company, or any other form of partnership by way of acquisition of assets, share purchase, or any other legal form they choose, which will work to implement Trucknet’s technology in Turkish companies and countries in the region in the field of logistics and streamlining of transportation fleets.

According to the MoU, the parties will work to promote cooperation between them, which will include, at their discretion, the development of business relationships and the creation of a partnership to promote the products and services offered by the parties. The parties will work to enter into a detailed and binding cooperation agreement within 45 days from the date of approval of the MoU. However, the MoU clarifies that, to the extent that the Parties fail to reach an agreement and shall not enter into a detailed agreement within the said period, (including to the extent that the said period has been extended by them), the MoU shall not have any binding validity on the Parties, except for mutual obligations between the Parties.