0001178913-05-000964 Sample Contracts

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AMENDMENT TO SHAREHOLDERS AGREEMENT
Shareholders Agreement • July 14th, 2005 • Elbit Vision Systems LTD • Industrial instruments for measurement, display, and control

THIS AMENDMENT TO THE SHAREHOLDERS AGREEMENT (this “Amendment Agreement”) is entered into as of the 8th day of September, 2004, by and between NIR ALON HOLDING GMBH (the “Investors”), ALTRO WARENHANDELS GMBH, NIR ALON, ELBIT LTD. (“Elbit”), M.S. Master Investments (2002) Ltd. (“MS”), S.R. Master Investments (2002) Ltd. (“SR”), R.D. Master Investments (2002) Ltd. (“RD”) and Avner Shacham (“Shacham”)(MS, SR, RD and Shacham, shall together be referred to herein as the “New Shareholders”).

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