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| (1) | Elron Electronic Industries Ltd., (Corporate No. 52-002803-6), having its registered office at 3 Azrieli Center, The Triangular Tower, 42nd Floor, Tel Aviv 67023 Israel (the “Seller”); and |
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| (2) | Discount Investment Corporation Ltd., (Corporate No. 52-002389-6), having its registered office at 3 Azrieli Center, The Triangular Tower, 44th Floor, Tel Aviv 67023 Israel, ("DIC"); and |
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| (3) | Clal Industries and Investments Ltd., (Corporate No. 52-002187-4), having its registered office at 3 Azrieli Center, The Triangular Tower, 45th Floor, Tel Aviv 67023 Israel, ("CII"). Each of DIC and CII is referred to herein as a "Purchaser" and such purchasers collectively, but severally, are referred to herein as the "Purchasers"). |
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| (A) | The Seller is the sole owner of 4,611,685 shares of par value NIS 1 each in Netvision Ltd. (the “Company”), such shares representing on the date hereof,  approximately 15.24% of the issued and outstanding share capital of the Company (the “Shares”). |
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| (B) | The Purchasers are shareholders of the Company and parties with the Seller to the Shareholders Agreement (defined below) |
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| (C) | Upon the terms and subject to the conditions set forth herein the Seller wishes to sell the Shares to the Purchasers and the Purchasers wish to purchase the Shares from the Seller.  |
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| 1. | DEFINITIONS |
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|   | 1.1 | In addition to the terms defined in the preamble and the recitals above and certain terms defined in particular clauses hereof, the following terms shall have the following meanings: |
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|   | Agreement              | this Share Purchase Agreement.                                                                                                                                                                                                                                                                                                                                                                        |
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|   | Business Days          | any day on which banks are open for business in the State of Israel.                                                                                                                                                                                                                                                                                                                                  |
|   | Governmental Authority | any government, state,  political subdivision thereof, or any entity, body, regulatory or administrative authority, agency, commission, court, tribunal, arbitral body or judicial body exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any quasi-governmental entity established to perform such functions.  |

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|   | Organizational Documents | in respect of any entity, its memorandum of association and articles of association.                                                                                                                                |
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|   | Security Interests       | all trusts, liens, pledges, charges, attachments, other security interests, conditional sale agreements, options, voting agreements, other rights or claims of others or encumbrances of any character whatsoever.  |
|   | Seller Director          | each designee of the Seller serving as a Director of the Company.                                                                                                                                                   |
|   | Shareholders Agreement   | The Shareholders Agreement dated January 25, 2007 among the Seller, DIC, CII and a wholly owned subsidiary of CII with respect to their respective shareholdings in the Company.                                    |
|   | Taxes                    | all taxes, charges, fees, duties, levies or other assessments which are imposed by any Governmental Authority, including any interest, penalties or additions attributable thereto.                                      |

|   | 1.2 | Words and defined terms denoting the singular number include the plural and vice versa and the use of any gender shall be applicable to all genders. |
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|   | 1.3 | The paragraph headings are for the sake of convenience only and shall not affect the interpretation of this Agreement. |
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|   | 1.4 | The recitals and schedules hereto form an integral part of this Agreement. |
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|   | 1.5 | The term “law” shall include any by-law, rule or regulation of any Governmental Authority. |
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| 2. | PURCHASE AND SALE OF THE SHARES |
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|   | 2.1 | Agreement to Purchase and Sell. |
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|   | 2.2 | Purchase Price |
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|   | (a) | In consideration for the Shares sold, transferred and assigned by the Seller, each Purchaser hereby agrees to pay to the Seller and the Seller hereby agrees  to receive from such Purchaser, at Closing, a cash payment in immediately available funds in a total amount set forth opposite each Purchaser's name on Schedule 1 (the “Purchase Price”). In the event that following the date of this Agreement the Company shall declare any distribution to its shareholders with a record date for entitlement thereto being prior to the Closing Date, the Purchase Price payable by each Purchaser shall be reduced by the amount of such distribution as applicable to the number of the Shares to be purchased by such Purchaser hereunder. |
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|   | (b) | Each Purchaser shall pay its respective Purchase Price to the Seller in full at Closing against the transfer by the Seller of the Shares to be sold by it to such Purchaser. The Seller shall be responsible for the payment of all Taxes applicable to it with respect to the sale of the Shares hereunder. |
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|   | 2.3 | Closing |
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|   | (a) | At the Closing, the Seller will deliver, or cause to be delivered, to each Purchaser the following documents: |
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|   | (i) | Seller's signed letters of instructions to the Tel Aviv Stock Exchange member through which the Seller holds the Shares ("Seller's Broker") to transfer to each Purchaser's securities account with a Tel Aviv Stock Exchange member as set forth in Schedule 1 the respective number of Shares set forth opposite such Purchaser's name in Schedule 1, and confirmation from Seller's Broker that such instructions were actually carried out. |
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|   | (ii) | A copy of a written notice to the Company, signed by each Seller Director then serving in office, as to the resignation thereof from the Company's Board of Directors with effect as of the Closing Date. |
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|   | (iii) | Effective exemption from deduction of tax withholding applicable to the Purchase Price. |
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|   | (b) | At the Closing, each Purchaser shall deliver, or cause to be delivered, to the Seller, its respective Purchase Price by wire transfer of immediately available funds to a bank account of the Seller as set forth in Schedule 1. |
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|   | 2.4 | Conditions to Closing |
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|   | (a) | Joint Condition to Closing.  Each party’s obligation to consummate the purchase and sale of the Shares hereunder is subject to the fulfilment, no later than by November 19, 2009, of each of the following conditions precedent. |
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|   | (i) | The transactions contemplated hereunder shall be approved by the shareholders' meeting of each of the parties hereto as required by applicable law; |
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|   |   |
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|   | (ii) | Any consent to the transactions contemplated by this Agreement required in connection with the Company's or its subsidiaries' licenses (including from the Israeli Ministry of Communications) shall have been obtained, such consents to be unconditional. |
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|   | (b) | Conditions to the Purchasers' Obligation to Close.  Each Purchaser’s obligation to consummate the purchase of the Shares hereunder is subject to the fulfilment, prior to or at the Closing, of each of the following conditions. |
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|   | (i) | The representations and warranties of the Seller shall be true and correct in all material respects at the Closing as though made as of the Closing Date. |
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|   | (ii) | The Seller shall have performed and complied with all obligations and covenants required by this Agreement to be performed or complied with by it prior to or at the Closing. |
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|   | (c) | Conditions to the Seller’s Obligation to Close.  The Seller’s obligation to consummate the sale of the Shares hereunder is subject to the fulfilment, prior to or at the Closing, of each of the following conditions. |
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|   | (i) | The representations and warranties of each Purchaser shall be true and correct in all material respects at the Closing as though made as of the Closing Date. |
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|   | (ii) | Each Purchaser shall have performed and complied with all obligations and covenants required by this Agreement to be performed or complied with by it prior to or at the Closing. |
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|   | However, in the event that one or more of the conditions precedent set forth in Section 2.4(a) above is not fulfilled with respect to one of the Purchasers (the "Precluded Purchaser"), then the other Purchaser shall purchase, and Elron shall sell to such other Purchaser, the Shares set forth opposite such other Purchaser's name in Schedule 1 and, in addition, such other Purchaser shall be entitled, but not obligated, to purchase from Elron at the Closing and under the terms hereof all (but not less than all) of the Shares that the Precluded Purchaser would have been  entitled to purchase hereunder. |
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| 3. | REPRESENTATIONS AND WARRANTIES OF THE SELLER |
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|   |   |
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|   | Seller hereby represents and warrants to each of the Purchaser with effect as of the date hereof as follows: |
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|   | 3.1 | Organization and Authority |
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|   | (a) | The Seller has the necessary corporate power  to enter into this Agreement, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. |
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|   | (b) | Subject to obtaining the approval of the General Meeting of the Seller's shareholders, as required by applicable law: |
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|   | 3.2 | Capitalization |
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|   | (a) | Recital A hereof accurately describes Seller’s entire ownership interests in the Company. |
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|   | (b) | The Shares are fully paid and nonassessable and, subject to the Shareholders Agreement and the Company's Articles of Association, are free and clear of all Security Interests. |
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|   | 3.3 | No Conflict |
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|   | (a) | violate, conflict with or result in the breach of any provisions of the Organizational Documents of Seller; |
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|   | (b) | violate, or require any approval or consent under, any material law or governmental order applicable to Seller and/or the Company ; or |
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|   | (c) | materially violate, conflict with, result in any breach of, constitute a default (or event which with the giving of notice or lapse of time, or both, would become a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration, suspension, or cancellation of any note, bond, mortgage or indenture, contract, agreement, lease, sublease, license, permit, franchise or other instrument or arrangement to which Seller is a party or by which it or any of the Shares are bound or affected, or result in the creation of any Security Interests on any of the Shares or result in or constitute a circumstance which, with or without notice or lapse of time or both, would constitute any of the foregoing. |
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| 4. | REPRESENTATIONS AND WARRANTIES OF EACH OF THE PURCHASERS |
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|   | 4.1 | Organization and Authority |
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|   | (a) | The Purchaser has the necessary corporate power to enter into this Agreement, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. |
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|   | (b) | Subject to obtaining the approval of the General Meeting of the Purchaser's shareholders, as required by applicable law: |
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|   | 4.2 | No Conflict |
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|   | Subject to the fulfilment of all the conditions set forth in Section 2.4(a), the execution, delivery and performance of this Agreement by the Purchaser does not and will not: |
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|   | (a) | violate, conflict with or result in the breach of any provisions of its  Organizational Documents; |
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|   | (b) | violate, or require any approval or consent under, any material law or governmental order applicable to it; or |
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|   | (c) | materially violate, conflict with, result in any breach of, constitute a default (or event which with the giving of notice or lapse of time, or both, would become a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration, suspension, revocation or cancellation of any note, bond, mortgage or indenture, contract, agreement, lease, sublease, license, permit, franchise or other instrument or arrangement to which the Purchaser is a party or by which it is bound or affected. |
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| 5. | COVENANTS |
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| 6. | MISCELLANEOUS |
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|   | 6.1 | Survival. |
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|   | 6.2 | Parties in Interest; Assignment. |
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|   | 6.3 | Communications |
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|   | 6.4 | Expenses |
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|   | 6.5 | Delays or Omissions; Waiver |
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|   | 6.6 | Amendment |
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|   | 6.7 | Entire Agreement |
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|   | 6.8 | Counterparts |
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|   | 6.9 | Governing Law |
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|   | 6.10 | No Third-Party Beneficiaries |
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|   | 6.11 | Publicity |
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| Purchaser                            | Number of Shares | Total Purchase Price (NIS) |
|--------------------------------------|------------------|----------------------------|
| Discount Investment Corporation Ltd. | 2,588,438        | 128,386,525                |
| Clal Investments and Industries Ltd. | 2,023,247        | 100,353,051                |

|  Bank:    |  Israel Discount Bank       |
|--------------------------|----------------------------------|
|                     |                             |
|  Branch:       |  Main Branch Haifa, No. 070 |
|                     |                             |
|  Account No.:  |  167959                     |
|                     |                             |
|  Swift Code:   |  IDBLILITHAI                |

| Purchaser                            | Account Detail                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Discount Investment Corporation Ltd. | TASE Member:         Clal Finance Batucha Investment Managment Ltd. (TASE Member No. 2311) Branch:   Corporations and Institutional Investors Branch (סניף תאגידים ומוסדיים) Account No.:   102333  |
| Clal Investments and Industries Ltd. | Bank: Branch: Account No.:                                                                                                                                                                                                                                                                                                                                                                       |

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