Management Services Agreement Amendment Made and entered into in Yavne, October 23, 2011
Exibit 4.4
Management Services Agreement Amendment
Made and entered into in Yavne, October 23, 2011
|
BETWEEN
|
X. Xxxxx-Food International Ltd.
With its business address at 0 Xxxxx Xxxxx Xx., Xxxxx
(Hereinafter: "Willi-Food")
AND
Gold Frost Ltd.
With its business address at 0 Xxxxx Xxxxx Xx., Xxxxx
(Hereinafter: "Gold Frost")
(Willi-Food and Gold Frost hereinafter: "the Company")
As the first party
AND
Xxxxx Xxxxx Management Investments Ltd. (private company No. 512416033)
With its business address at 0 Xxxxx Xxxxx Xx., Xxxxx
(Hereinafter: "the Management Company")
Or a company fully owned by Xxxxxx Xxxxxxxx
As the second party
|
WHEREAS
|
On the 16th of March, 2008, the Company and the Management Company entered an agreement for the rendering of management services through Xx. Xxxxxx Xxxxxxxx (hereinafter: "the Agreement"); and
|
|
WHEREAS
|
The parties wish to amend some of the agreement’s provisions.
|
NOW THEREFOR, THE PARTIES AGREE AND STUPULATE AS FOLLOWS:
|
1.
|
Introduction
|
|
|
1.1.
|
The definitions mentioned in this amendment shall have identical meaning to the ones mentioned in the Agreement, unless stated otherwise herein.
|
|
|
1.2.
|
The provisions of this amendment shall supersede the provisions of the Agreement and its appendices, in all matters.
|
|
|
1.3.
|
The contents of the Agreement and its appendices shall continue to apply, insofar as they are not explicitly superseded by this amendment.
|
|
|
1.4.
|
In case of a discrepancy between this amendment and the Agreement, the provisions of this amendment shall prevail.
|
|
2.
|
In the second “whereas”, in the preamble to the Agreement, the words “in light of the change in the control of Willi-Food’s parent company, Willi-Food Investments Ltd. (hereinafter: "Willi-Food Investments"), in August, 2007” will be deleted and the words “as CEO of Willi-Food" will be replaced with ""as President of the Willi-Food".
|
|
3.
|
In section 3.1 of the Agreement, the words “as the CEO of Willi-Food” will be replaced with "as the President of Willi-Food".
|
|
4.
|
Section 4.1 of the Agreement will be deleted, and replaced with the following: “This agreement shall remain valid for a period of 3 years, starting on September 15th, 2011 and ending on September 14th, 2014, subjected to the contents of sections 4.2 to 4.7 below (hereinafter: "The Agreement Period”)”.
|
|
5.
|
In section 4.2.1 of the Agreement, the words “36 months in advance” will be replaced with “18 months in advance”. In addition, the words “after a period of six months from the signing of this agreement” will be deleted.
|
|
6.
|
At the end of section 8.1 of the Agreement, the following will be added: “Ltd. (hereinafter: Willi-Food Investments)”.
|
|
7.
|
In section 10 of the Agreement, “immediately” will be replaced with “Starting from September 15th, 2011”.
|
IN WITNESS THEREOF, THE PARTIES HAVE AFFIXED THEIR SIGNATURES:
|
X. Xxxxx-Food International Ltd.
|
Xxxxx Xxxxx Management Investments Ltd.
|
|
Gold Frost Ltd.
|
I, the undersigned, Xx. Xxxxxx Xxxxxxxx (the service provider), having read the contents of this amendment in their entirety, hereby agree to be bound by its provisions. I vouch for the Management Company’s obligations towards The Company.
|
Xxxxxx Xxxxxxxx
|
Date
|
2
