Exhibit 4.(a).1
Dated April 20, 2005
ADVENT INVESTMENTS PTE
LIMITED
and
MATAV CABLE SYSTEMS
MEDIA LTD.
and
MATAV INVESTMENTS LTD.
and
ELBIT LTD.
and
EUROCOM COMMUNICATIONS
LTD.
and
POLAR COMMUNICATIONS
LTD.
and
TAPUZ CELLULAR SYSTEMS
LTD.
and
XXXXXXXXX
TELECOMMUNICATIONS INTERNATIONAL (NETHERLANDS) B.V.
This Restatement of the
Relationship Agreement is made on April 20, 2005, with an effective date pursuant to
Clause 10.9 below,
Between:
| (1) |
Advent Investments Pte Limited, whose principal office is at 1 King
George’s Avenue, #00-00 Xxxxx Xxxxxxxx, Xxxxxxxxx
(“Advent”); |
| (2) |
Matav Cable Systems Media Ltd. and Matav Investments Ltd., both
of whose principal office is at 00 Xxxxxx Xxxxxx, Xxxxx Xxxxxxxxxx Xxxx,
Xxxxxxx 00000, Xxxxxx (together, “Matav”); |
| (3) |
Elbit Ltd., whose principal office is 3 Azrieli Center, Xxxxxxxx
Xxxxxxxx, 00xx Xxxxx, Xxx Xxxx 00000, Xxxxxx
(“Elbit”); |
| (4) |
Eurocom Communications Ltd., whose principal office is at 2 Xxx Xxxxxxxx
Street, Ramat Gan, Israel (“Eurocom”); |
| (5) |
Polar Communications Ltd., (formerly known as Hapoalim Electronic
Communication Limited), whose principal office is at 21 Ha’arba’ah
St., Xxx Xxxx 00000, Xxxxxx (“Polar”); |
| (6) |
Tapuz Cellular Systems Ltd., whose principal office is at 2 Xxx Xxxxxxxx
Street, Ramat Gan, Israel (“Tapuz”); and |
| (7) |
Xxxxxxxxx Telecommunications International (Netherlands) B.V., whose
registered office is Xx Xxxxxxxxx 0 Xxxxxxxx, 0000 XX Xxxxxxxxx, Xxxxxxxxxxx
(“Xxxxxxxxx”); |
| |
(and
together referred to hereinafter as the “Parties”and individuallya “Party”). |
Whereas:
| (A) |
The Parties are the parties or successors in title of the parties to a
relationship agreement dated 10 October 1999 as amended on 23 April 2002 and 7
February 2005 as well as a Supplemental Agreement dated 18 April 2002 (the
“Relationship Agreement”); and |
| (B) |
The Parties wish to restate the Relationship Agreement further to record certain
agreements between them in relation to the Company (defined below), inter alia,
for the purpose of complying with certain requirements made by Bank of Israel
and changes in the Licence (defined below) of the Company to the intent that
this Restatement Agreement (hereinafter “Agreement”) will
supercede and replace the Relationship Agreement in its entirety as to the
subject matter of this Agreement. |
It is agreed as follows:
| |
“Bank
of Israel Event” means an action or event that would cause the Company to become
obliged, under applicable rules of the Bank of Israel (as in effect from time to time)
which restrict loans to related parties, to repay amounts to, or alter the terms of any
existing or subsequent credit facility with, any bank on terms substantially different
from those applicable to other banks participating in such facility or on terms which
would not apply were it not for the application of such rules; |
| |
“Business
Day” means a day on which banks are open for business in both Hong Kong and Tel
Aviv (excluding Saturday, Sunday and public holidays); |
| |
“Buyback
Letter” means the offer letter dated 7 February 2005, by and among Elbit,
Eurocom, Polar, Matav and the Company; |
| |
“Company”means
Partner Communications Company Ltd.; |
| |
“Israeli
Entity” or in the plural “Israeli Entities” means (a) for an
individual — an Israeli citizen or resident of Israel, and (b) for a corporation
– a corporation that was incorporated in Israel and an individual that is a citizen
and a resident of Israel, controls the corporation either directly or indirectly, as long
as the indirect control shall be only through a corporation that was incorporated in
Israel, one or more, as such definition is described in more detail in the Licence; |
| |
“Israeli
Shareholders” means Matav, Elbit, Eurocom and Polar and any transferees pursuant
to Clause 2.1 hereof; |
| |
“Licence”
means a licence dated 7 April 1998 granted by the Minister of Communications to the
Company, including the Permit, as such licence has been amended from time to time; |
| |
“Market
Price” means A/B where, |
| |
A = |
the average of the closing prices of one ADS as quoted on Nasdaq on each of the 30
trading days immediately before the date of a Transfer Notice or Further Offer Notice, as
the case may be, issued pursuant to Clause 5; and |
| |
B = |
the
number of underlying Share or Shares represented by one ADS; |
| |
“MRT
Operator”has the meaning given to it in Section 14.1(B) of the Licence; |
| |
“Parent”
means, in respect of a company, a person who holds 40 per cent or more of the par value of
the issued share capital of the company or the voting rights in a general meeting of the
company or is entitled to nominate 40 percent or more of the directors or the general
manager of the company or is a member of it and controls alone or pursuant to an agreement
with other members, 40 percent or more of the voting rights in a general meeting of the
company or the parent of each such parent or its parent; and, in respect of a partnership,
a person who holds 40 per cent or more of the equity of the partnership or who is a
partner of it and controls alone or pursuant to an agreement with other partners 40 per
cent or more of the voting rights in the partnership, or the Parent of each such Parent or
its Parent; |
2
| |
“Permit”
means the permit dated 7 April 1998 granted by the Minister of Communications to the
Company, as such permit has been amended from time to time; |
| |
“Required
Israeli Percentage” means the minimum cumulative holding of Shares by Israeli
Entities as required under the Licence and the Company’s Articles of Association, as
each may be in effect from time to time; |
| |
“Required
Founders Percentage” means the minimum cumulative holdings by the Company’s
“founding shareholders or their respective substitutes” (as defined in Section
21.8 of the License) as set out in the Licence and the Company’s Articles of
Association, as each may be in effect from time to time; |
| |
“Shares”means
the issued Ordinary Shares of NIS 0.01 each in the share capital of the Company. |
| 1.1 |
Clauses,
Schedules etc. |
| |
References
to this Agreement include any Recitals and Schedules to it and references to Clauses and
Schedules are to Clauses of and Schedules to this Agreement. |
| |
Headings
shall be ignored in construing this Agreement. |
| 2. |
Required
Israeli and Founders Percentages |
| 2.1 |
(a)
Each of the Israeli Shareholders hereby undertakes and agrees, severally but not jointly,
at all times, to hold pro rata a sufficient number of Shares to comply with the Required
Israeli Percentage, as detailed on Schedule 1 hereto. Notwithstanding the
foregoing, subject to the written approval of the Minister of Communications (to the
extent required by law), the Israeli Shareholders shall be entitled to sell their
respective Shares but only to an Israeli Entity who undertakes to comply with the
Required Israeli Percentage, at all times, in respect of such Shares and to enter into an
agreement by which it shall be bound by the provisions of this Agreement and to deliver
to the Company’s Secretary (a) a share transfer deed that includes an undertaking by
the transferee to comply with all requirements of section 22A of the Licence and (b) all
information requested with respect to the transferee’s qualification as a Founding
Shareholder and/or a Founding Israeli Shareholder (as defined in the Licence). Any
transfer of Shares by an Israeli Shareholder not in accordance with this Clause 2.1,
shall be rejected by the Board of the Company (and the Parties shall procure that the
Articles of Association of the Company shall be amended accordingly) and such transfer
shall be deemed to be null and void. |
| |
(b)
Nothing herein shall restrict or limit in any way an Israeli Shareholder’s
right to freely sell or otherwise dispose of (i) any number of Shares
that exceeds its percentage of the Required Israeli Percentage set
forth in Schedule 1 hereto or (ii) any Shares acquired by it
following the date hereof. |
| |
(c)
Notwithstanding the foregoing, the number of Shares required by this
Agreement to be held by any Israeli Shareholder in order to maintain
its pro rata portion of the Required Israeli Percentage shall be
calculated based on the number of Shares outstanding from time to
time up to a maximum of 160,922,344 Shares outstanding, provided,
however, that such number shall be adjusted from time to time to
reflect stock dividends, stock splits, reverse stock splits and the like
which applies to all the Shares. |
3
| 2.2 |
Xxxxxxxxx
shall hold such number of Shares to comply with the Required Founders Percentage less the
Required Israeli Percentage and the Israeli Shareholders shall hold such number of Shares
to comply with the Required Israeli Percentage. |
| 2.3 |
To
the extent that the law (including the Licence or Articles of Association of the Company)
requires that the person(s) who is holding Shares to comply with the Required Israeli
Percentage to appoint a certain number of Directors of the Company, then the Israeli
Shareholders hereby severally agree and undertake to appoint and retain, from time to
time, such number of the directors of the Company to comply with such requirement and
shall ensure that the appointees are Israeli citizens and residents. In addition, to the
extent that the law (including the Licence or Articles of Association of the Company) so
requires, each of Advent and Xxxxxxxxx hereby jointly and severally agree and undertake
to vote all their Shares in each general meeting of the Company’s shareholders at
which any directors are elected to ensure that a majority of the directors of the Company
shall be Israeli citizens and residents. |
| 3.1 |
A
Parent of Advent shall continue to be a Controlling Corporation (as defined in the
Licence) of an MRT Operator; such MRT Operator shall, subject to Clause 3.2, be Xxxxxxxxx
Telephone Company Ltd. (“HTCL”), for so long as this is required by the
Licence. |
| 3.2 |
Advent
may, without having to obtain the prior approval of the other Parties, substitute in
place of HTCL another affiliate company of Xxxxxxxxx Telecommunications International
Limited to act as an MRT Operator, if so required by the Licence or if so requested by
Advent and permitted under the Licence and applicable approvals of the Minister of
Communication or Ministry of Communication are obtained. |
| |
No
party may transfer any Shares if the transfer would result in circumstances (a)
constituting a breach or default under the Licence or any of the Company’s agreements
with its lenders to which it is a party, or (b) which with the lapse of time or service of
a notice would constitute such breach or default. Subject to the foregoing, and to the
other provisions of this Agreement, any Party may transfer Shares freely provided that all
necessary governmental or regulatory approvals for the transfer are granted. |
4
| 5. |
Transfer
in the Event of Default |
| 5.1 |
Deemed
Transfer Notice |
| |
If
any Party who directly or indirectly holds Shares commits an Event of Default (defined in
Clause 5.3 below), then the Board of the Company, at a meeting in which the Directors
nominated by the Party which has committed the Event of Default the “Defaulting
Party” will not be entitled to participate, shall be entitled, at its discretion,
by notice in writing to require the Defaulting Party to give a transfer notice
(“Transfer Notice”) in respect of all the Shares then registered in the
name of the Defaulting Party and procure any person holding any Shares in trust for or on
behalf of the Defaulting Party to give a Transfer Notice in respect of all other Shares
beneficially owned by the Defaulting Party, and the provisions of clauses 5.4 and 5.5
below shall apply to the transfer of Shares made pursuant to such Transfer Notice(s). The
Transfer Notice(s) shall specify a price (the “Transfer Price”) for each
Share which shall, in the case of an Event of Default specified in Clause 5.3.1, be the
Market Price less a discount of 17.5 per cent, and in the case of all other Events of
Default, be the Market Price. In the event that the Defaulting Party or any trustee or
other person fails to issue the Transfer Notice as aforesaid, such Transfer Notice may be
issued on its behalf by a person nominated by the Board at a meeting in which Directors
nominated by the Defaulting Party are entitled to attend but not participate with a copy
to the Defaulting Party. For the purpose of this Clause 5, the Defaulting Party, the
person holding Shares in trust for or on behalf of the Defaulting Party having given a
Transfer Notice, shall be referred to as the “Offeror” and the Shares
which are the subject matter of a Transfer Notice shall be referred to as the
“Offered Shares”. |
| 5.2 |
If
the Board has exercised its discretion under Clause 5.1 above to require the Defaulting
Party, or the Board nominee as aforesaid to give, procure or issue a Transfer Notice and
the Defaulting Party contests that an Event of Default has occurred or that the Board was
entitled to require it to give a Transfer Notice, and has notified in writing of such
contest within seven days of receipt of the Board’s requirement to give a Transfer
Notice, then: |
| |
5.2.1 |
the
Defaulting Party, within seven days following such seven day period, must commence
proceedings in respect of the issues in dispute, pursuant to Clause 10.6.2 below; |
| |
5.2.2 |
the
Company and the Parties must actively pursue a swift resolution of said proceedings; |
| |
5.2.3 |
provided
that the proceedings have been commenced as aforesaid, the Transfer Notice, duly signed
by the Defaulting Party or the Board’s nominated representative (as the case may
be), must be deposited with a custodian; and |
| |
5.2.4 |
the
custodian must act in relation to such Transfer Notice in accordance with the decision of
the courts. |
| |
An
“Event of Default” for the purpose of Clause 5 means the occurrence of
any of the following: |
5
| |
5.3.1 |
a
Party committing a breach of its obligations under this Agreement which has a material
adverse effect on the Company, and, in the case of a breach capable of remedy, failing to
remedy the same within 30 days of being specifically required in writing so to do by the
Company or any one of the Parties; |
| |
5.3.2 |
a
Party committing a breach of its obligations under any of the agreements of the Company’s
lenders to which it is a party, which has a material adverse effect on the Company and,
in the case of a breach capable of remedy, failing to remedy the same within the
requisite period (if any) provided under the agreements of the Company’s lenders. |
| |
In
the circumstances in which, pursuant to Clauses 5.1 to 5.3 above, this Clause 5.4 and
Clause 5.5 apply, the Offeror shall give a Transfer Notice to the other Parties (the
“Other Shareholders”) with a copy to the Company, marked for the
attention of the Company Secretary. The Transfer Notice shall constitute an offer to sell
the Offered Shares, at the Transfer Price to the other Shareholders as nearly as possible
in proportion to the Percentage Interests then held by the other Shareholders. For the
purpose of this Clause 5, “Percentage Interests” means the number of
Shares from time to time held, directly or indirectly, expressed as a percentage of the
total number of Shares held by the relevant other Shareholders. |
| |
With
seven (7) Business Days after the delivery of the Transfer Notice, each of the other
Shareholders shall notify the Offeror in writing, with a copy to the Other Shareholders,
of the maximum number of the Offered Shares offered to it which it is willing to purchase
at the Transfer Price. Any of the Other Shareholders which fails to give such notice
within the specified time period shall be deemed to have refused the offer. At the expiry
of the seven (7) Business Day period, any of the Offered Shares not so accepted shall be
offered by notice in writing (the “Further Offer Notice”) to those Other
Shareholders who have accepted all of the Offered Shares to which they are respectively
entitled, such offer to be as nearly as possible in proportion to the Percentage Interests
then held by such Other Shareholders (excluding the Other Shareholders who did not accept
the offer set out in the Transfer Notice). The Other Shareholders who receive the further
offer may accept the further offer of the Offered Shares in the proportion offered to them
respectively or in such other proportion as such Other Shareholders agree between
themselves by notice in writing (the “Acceptance Notice”) to the Offeror
(with copies to the Other Shareholders and the Company) stating the proportion of Shares
each such Other Shareholder accepts. The Offeror shall be bound to transfer those of the
Offered Shares accepted by the Other Shareholders in accordance with the provisions of
this Clause 5.5. Completion of the transfer of the Offered Shares shall take place within
30 days of the expiry of the first or second seven (7) Business Day period as the case may
be. If the approval of the Minister of Communications and/or Ministry of Communications is
required under the Licence, and such approval is not obtained within such 30-day period,
then the period for completion of the transfer of the Offered Shares shall be extended
automatically for a further 90 days. |
| 5.6 |
In
the event that Xxxxxxxxx or any of its affiliate companies accepts to purchase Offered
Shares and the result of which would mean the minimum holding of Shares by Israeli
Entities would be less than the Required Israeli Percentage, Xxxxxxxxx or its affiliate
companies, as the case may be, shall be entitled to nominate a third party Israeli Entity
to hold the relevant number of Offered Shares, on its behalf or on its own right, to
avoid any non-compliance with the Licence in this connection. |
6
| 5.7 |
To
the extent required, the Parties shall arrange for the Company’s Articles of
Association to incorporate the provisions of this Clause 5. |
| |
6.1.1 |
Subject
to Clause 6.1.2 below, each of the Parties shall treat as confidential and not disclose
or use any information received or obtained as a result of entering into this Agreement
(or any agreement entered into pursuant to this Agreement), which relates to: |
| |
(i) |
the
provisions of this Agreement and any agreement entered into pursuant to this
Agreement; or |
| |
(ii) |
the
negotiations relating to this Agreement (and such other agreements). |
| |
6.1.2 |
This
Clause 6 shall not prohibit disclosure of any information if and to the extent: |
| |
(i) |
the
disclosure or use is required by law, any regulatory body or the rules and
regulations of any recognised stock exchange; |
| |
(ii) |
the
disclosure or use is required to vest the full benefit of this Agreement in
the Parties; |
| |
(iii) |
the
disclosure or use is required for the purpose of any judicial proceedings
arising out of this Agreement or any other agreement entered into under or
pursuant to this Agreement or the disclosure is reasonably required to be
made to a taxation authority in connection with the taxation affairs of
the disclosing Party; |
| |
(iv) |
the
disclosure is made to professional advisers of the Parties, provided that
such professional advisers are informed of the provisions of this Clause 6
in respect of such information, in which case the Party retaining such
adviser shall be held responsible for any breaches by such adviser of the
restrictions set forth in this Clause 6; |
| |
(v) |
the
information becomes publicly available (other than by breach of this
Agreement); or |
| |
(vi) |
the
other Parties have given prior written approval to the disclosure or use; |
| |
provided
that prior to disclosure or use of any information pursuant to paragraphs (ii) or (iii)
(except in the case of disclosure to a taxation authority), the Party concerned shall
promptly notify the other Parties of such requirement with a view to providing the other
Parties with the opportunity to contest such disclosure or use or otherwise to agree the
timing and content of such disclosure or use. |
7
| 7. |
Compliance
with the Licence |
| 7.1 |
Nothing
herein shall be construed as requiring or permitting the performance of any acts, which
are inconsistent with the terms of the Licence. If any term or provision of this
Agreement shall be found to be inconsistent with the terms of the Licence, such term or
provision shall be null and void but the validity, legality or enforceability of the
other terms or provisions shall not be affected thereby. |
| 7.2 |
No
Party will permit any act to be done by itself, or any officer holder nominated by it,
which would breach the terms of the Licence. |
| 8.1 |
Each
Party undertakes with the other Parties: |
| |
8.1.1 |
to
perform and observe all the provisions of this Agreement and the agreements with the
Company's lenders, from time to time, to which it is a party; |
| |
8.1.2 |
to
take all necessary steps on its part to give full effect to the provisions of this
Agreement, the Licence and the agreements with the Company’s lenders, to which it is
a party. |
| 8.2 |
If
a Bank of Israel Event occurs, the Parties shall all discuss in good faith with each
other and co-operate in good faith with a view to reaching an agreement to resolve such
Bank of Israel Event. |
| 9.1 |
This
Agreement shall continue in full force and effect until the Company is wound up or
otherwise ceases to exist as a separate entity or unless terminated earlier by agreement
between all the Parties or pursuant to Clause 9.2 below. |
| 9.2 |
This
Agreement shall terminate in relation to any Party after it ceases to hold directly or
indirectly any Shares that such Party holds pursuant to the Required Israeli Percentage
and/or the Required Founders Percentage, as applicable, provided that such Party has not
disposed of such Shares in breach of the provisions of this Agreement, the Licence or the
Company’s Articles of Association. For the sake of clarity, if and when this
Agreement shall terminate in relation to Eurocom pursuant to this Clause 9.2 hereof,
Tapuz, an affiliate of Eurocom that owns one Share, shall also be released from all its
obligations and restrictions hereunder. |
| 9.3 |
Termination
of this Agreement pursuant to Clause 9.2 above shall not release any Party from any
liability, which at the time of termination has already accrued to such Party. Nothing in
the immediately preceding sentence shall affect or be construed or operate as a waiver of
the right of any Party aggrieved by any breach of this Agreement to be compensated for
any loss, injury or damages resulting therefrom which is incurred either before or after
such termination. Each Party (the “Indemnifying Party”) shall, in
addition, on demand by any other Party, indemnify the other Parties against any cost,
loss, liability, claim, action, demand or expense which the Company or any such Parties
incur or which is made against any of them arising out of or in relation to or in
connection with any default by the Indemnifying Party under any agreements with the
Company’s lenders to which such Party is a party (including misrepresentations made
by such Party in relation to information given by it). |
8
| |
No
announcement or circular in connection with the existence or the subject matter of this
Agreement shall be made or issued by or on behalf of the Parties without the prior written
approval of all the Parties. This shall not affect any announcement or circular by or on
behalf of any Party required by law or any regulatory body or the rules of any recognised
stock exchange, but the Party with an obligation to make an announcement or issue a
circular shall consult with the other Parties insofar as is reasonably practicable before
complying with such an obligation. |
| 10.2 |
Successors
and Assigns |
| |
10.2.1 |
No
Party may, without the prior written consent of the other Parties, assign the benefit of
all or any of its obligations under this Agreement. |
| |
10.2.2 |
Notwithstanding
anything to the contrary but subject to the Licence and to applicable law, each Party, by
serving notice on the other Parties, shall have the right to nominate an affiliate (that
is, a directly or indirectly wholly owned entity of such Party or a directly or
indirectly wholly owned entity of the ultimate owner of such Party) to assume any or all
of the rights and obligations of such Party under this Agreement, without relieving such
Party of its obligations under this Agreement, and such Party shall procure that such
affiliate complies with all obligations of such Party under this Agreement as if such
affiliate were a party to this Agreement. |
| |
10.3.1 |
Any
notice or other communication in connection with this Agreement or with any legal
proceedings under this Agreement shall be in writing in English (a “Notice”)
and shall be sufficiently given or served if delivered or sent to such Party’s
address or facsimile number set forth on Schedule 2 hereto. |
| |
10.3.2 |
Notice
may be delivered by hand or sent by fax. Without prejudice to the foregoing, any Notice
shall conclusively be deemed to have been received upon the first Business Day following
transmission and electronic confirmation of receipt), if sent by fax, or at the time of
delivery, if delivered by hand. |
| |
If
any term in this Agreement shall be held to be illegal, invalid or unenforceable, in whole
or in part, under any enactment or rule of law, such term or part shall to that extent be
deemed not to form part of this Agreement but the legality, validity or enforceability of
the remainder of this Agreement shall not be affected. |
9
| |
This
Agreement may be entered into in any number of counterparts, all of which taken together
shall constitute one and the same instrument. Any Party may enter into this Agreement by
executing any such counterpart. |
| 10.6 |
Governing
Law and Submission to Jurisdiction |
| |
10.6.1 |
This
Agreement and the documents to be entered into pursuant to it, shall be governed by and
construed in accordance with the laws of the State of Israel. |
| |
10.6.2 |
All
the Parties irrevocably agree that the courts of Tel Aviv/Jaffo are to have exclusive
jurisdiction to settle any dispute which may arise out of or in connection with this
Agreement and the documents to be entered into pursuant to it. All the Parties
irrevocably submit to the jurisdiction of such courts and waive any objection to
proceedings in any such court on the ground of venue or on the ground that proceedings
have been brought in an inconvenient forum. |
| 10.7 |
Amendments
and Waivers |
| |
Except
as expressly provided herein, neither this Agreement nor any term hereof may be amended,
waived, discharged or terminated other than by a written instrument signed by the all
Parties. In addition, any Party may waive any right or condition of which such Party is
the beneficiary. |
| 10.8 |
Entirety
of Agreement |
| |
This
Agreement supercedes the Relationship Agreement, which shall no longer have any force or
effect, save for any breaches prior to the date hereof. For the avoidance of doubt, and
without prejudice to the generality thereof, there shall no longer be any requirement for
Parent Guarantees (as set out in Clause 14 of the Relationship Agreement). This Agreement
now constitutes the full and entire understanding and agreement among the Parties with
regard to the subject matter hereof and thereof, and no Party shall be liable or bound to
any other Party in any manner except as specifically set forth herein. |
| |
This
Agreement shall become effective upon the closing of the transaction contemplated by the
Buyback Letter. |
In witness whereof this
Agreement has been duly executed.
10
|
|
SIGNED by [
]
on behalf of Advent Investments Pte
Ltd. in the presence of:
|
} |
|
|
SIGNED by [
]
on behalf of Matav Cable Systems
Media Ltd. in the presence of:
|
} |
|
|
SIGNED by [
]
on behalf of Matav Investments Ltd. in
the presence of:
|
} |
|
|
SIGNED by [
]
on behalf of Elbit Ltd. in the presence
of:
|
} |
|
|
SIGNED by
[
]
on behalf of Eurocom Communications
Ltd. in the presence of:
|
} |
|
|
SIGNED by
[
]
on behalf of Polar Communications Ltd.
in the presence of:
|
} |
|
|
SIGNED by [
]
on behalf of Tapuz Cellular Systems
Ltd. in the presence of:
|
} |
|
|
SIGNED by [
]
on behalf of Xxxxxxxxx
Telecommunications International
(Netherlands) B.V. in the presence of:
|
} |
11
Schedule 1
Respective Percentages
of
the Required Israeli Percentage
| Israeli Shareholder |
Pro Rata Required Israeli
Percentage |
| Elbit Ltd. |
38.313% |
| Eurocom Communications Ltd. |
28.093% |
| Polar Communications Ltd. |
10.233% |
| Matav Investments Ltd. |
23.361% |
| Total |
100%
|
12
Schedule 2
Address Details for
Notices
| |
Advent Investments Pte Limited
0 Xxxx Xxxxxx'x Xxxxxx,
#00-00 Xxxxx Xxxxxxxx, Xxxxxxxxx
Fax: x000 0000 0000
Attention: Legal Department
With a copy to Xxxxxxxxx Telecommunications International Limited
18/F Two Harbourfront 00 Xxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx, Xxxx Xxxx,
fax: x000 0000 0000,
Attention: Legal Department.
|
Matav Cable Systems Media Ltd.
Matav Investments Ltd.
00 Xxxxxx Xxxxxx, Xxxxxxx
Tel: x000-0-000-0000
Fax: x000-0-000-0000
Attention: Ori Gur Arieh, General Counsel
|
Elbit Ltd.
3 Azrieli Xxxxxx
Xxxxxxxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx 00000 Israel
Tel: x000-0-000-0000
Fax: x000-0-000-0000
Attention: Xx. Xxx Xxx (Director & CFO)
|
Eurocom Communications Ltd.
2 Xxx Xxxxxxxx Street
Ramat-Gan 00000 Xxxxxx
Tel: x000-0-000-0000
Fax: x000-0-000-0000
Attention: Xxxxxx Xxxxxx, Adv. (VP & Legal Counsel)
|
Polar Communications Ltd.
00 Xx'xxxx'xx Xxxxxx,
Xxx Xxxx 00000 Xxxxxx
Tel: x000-0-000-0000
Fax: x000-0-000-0000
Attention: Xxx Xxxx (Executive Vice President)
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Xxxxxxxxx Telecommunications International (Netherlands) X.X.
Xx Xxxxxxxxx 0 Xxxxxxxx: 0000 XX
Xxxxxxxxx, Xxxxxxxxxxx
Attention: Legal Department
With a copy to Xxxxxxxxx Telecommunications International Limited:
18/F Two Harbourfront 00 Xxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx, Xxxx Xxxx,
fax: x000 0000 0000,
Attention: Legal Department.
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