13D Filing: Brosh Capital Partners L.P. and Kamada Ltd (KMDA)

The Shares purchased
by Brosh and held in the Exodus Managed Account were purchased with working capital (which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted in Schedule
A, which is incorporated herein by reference. The aggregate purchase price of the 1,873,146 Shares owned directly by Brosh is approximately
$9,701,346, excluding brokerage commissions. The aggregate purchase price of the 135,791 Shares held in the Exodus Managed Account
is approximately $700,546, excluding brokerage commissions. The Shares purchased by Mr. Biram were purchased with personal funds,
in open market purchases, except as otherwise noted in Schedule A, which is incorporated herein by reference. The aggregate purchase
price of the 213,665 Shares owned directly by Mr. Biram is approximately $1,056,297, excluding brokerage commissions. The Shares
purchased by Ms. Deutsch were purchased with personal funds, in open market purchases, except as otherwise noted in Schedule A,
which is incorporated herein by reference. The aggregate purchase price of the 273,020 Shares owned directly by Ms. Deutsch is
approximately $1,328,498, excluding brokerage commissions.

The Reporting Persons
purchased the securities of the Issuer reported herein based on the Reporting Persons’ belief that such securities, when
purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other
investment opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would
make the purchase or sale of securities of the Issuer desirable, the Reporting Persons may endeavor to increase or decrease their
position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market or in private
transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person
has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of
Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed herein.
The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time engage in
additional discussions with management and the Board. Depending on various factors including, without limitation, the Issuer’s
financial position and investment strategy, the price levels of the securities of the Issuer, conditions in the securities markets
and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment
in the Issuer as they deem appropriate including, without limitation, making proposals to or concerning the Issuer, purchasing
additional securities of the Issuer, selling some or all of their securities of the Issuer, engaging in short selling of or any
hedging or similar transaction with respect to the securities of the Issuer, or change their intention with respect to any and
all matters referred to in Item 4.

The aggregate percentage
of Shares reported owned by each person named herein is based upon 40,254,740 Shares outstanding, which is the total number of
Shares outstanding as reported in the Issuer’s Prospectus Supplement filed with the Securities and Exchange Commission on
August 1, 2017.