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                                                                   Exhibit 10.12


                                                               February 11, 2002

      Addition to the General Terms for Opening a Credit Account in Foreign
      ---------------------------------------------------------------------
                        Currency and in Israeli Currency
                        --------------------------------


Bank Leumi Le'Israel B.M.
-------------------------

Dear Sir:

Further to the general conditions for opening a credit account in foreign
currency and Israeli currency signed by us on June 13, 2000 (hereinafter : "the
Management Conditions") we hereby confirm that all the conditions detailed below
which will be an integral part of the terms of management will apply to the
credits (as defined below).

1.   In this letter the terms detailed below will have the meanings appearing at
     their side -

     1.1  "The Bank" - Bank Leumi L'Israel B.M.

     1.2  "The Company" - Nur Macroprinters Ltd.

     1.3  "The Credits and/or The Credit" - this term will include the various
          credits detailed in clause 3 below and every credit provided in order
          to repay those credits, fully or partly and/or every credit provided
          in place of those credits, fully or partly and/or every credit of any
          type whatsoever that will be provided in the future (if so provided).

     1.4  "Subsidiaries" - NUR Media Solutions S.A., Nur Europe S.A., Nur
          America Inc., Nur Asia Pacific Ltd., Nur Macroprinters (Shanghai) Ltd.

     1.5  "The unpaid balance of the credit" - means, at all times, the balance
          of unpaid principal of a credit plus amounts of interest, linkage
          differences to foreign currency and accumulated commissions up to that
          date and not yet charged to the account, and every debit balance in
          the Company's account which will be created (or increased) as a result
          of debiting that account for the amounts due to the Bank for and in
          connection with the credit.

     1.6  "Tangible shareholders' equity" - means - as presented in the
          quarterly and annual financial statements detailed below, including,
          paid up share capital, undistributed retained earnings, capital funds
          shareholder loans balances for which the Company and its shareholders
          signed letters of subordination in favor of the Bank; less deferred
          expenses, intangible assets such as: goodwill, patents, trademarks,
          commercial names and copyrights, etc., and less treasury stock, and
          receivables due from interested parties and/or related parties of the
          Company (as these terms are defined in the Securities Law -1968), and
          excluding receivables of the Company where the amount of the Company's
          debt to them at that time exceeds the amount of their debt to the
          Company, and less guarantees


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          given by the Company to secure the obligations of interested parties
          and/or related companies of the Company.


     1.7  "EBITDA" - net income plus financing expenses, income tax expenses,
          depreciation expenses on fixed assets, amortization expenses on non
          tangible assets, excluding one-time expenses.

     1.8  "Capital investments" - Total investments, whether in cash or not in
          cash, in fixed assets and/or in any assets which are not included
          among the current assets.

2.   General

     2.1  The Company confirms that correct as of the date of signing this
          addendum to the management conditions (hereinafter "the Addendum") all
          the details appearing in it exist, and regarding everything relating
          to conditions which must exist thereafter, there is nothing to prevent
          their implementation and/or complete fulfillment in due time.

     2.2  Every document that must be submitted and/or signed in favor of the
          Bank will be in the form and in accordance with the conditions agreed
          with the Bank while obtaining approvals and passing the necessary
          resolutions by the relevant organs in the corporation which will sign
          the document plus certificate of a lawyer regarding the validity of
          the decisions in accordance with the relevant law.

3.   The credits and their terms:

     3.1  Balances of credit:

          Correct as of February 10, 2002 the unpaid balances of the credits
          provided the Company are as follows (it is emphasized that the amounts
          detailed below include interest, commissions and other bank expenses
          up to December 31, 2001 only):

          3.1.1 The unpaid balances of short-term credit are as detailed in
                Appendix "T" attached hereto (hereinafter : "The balance of
                short-term credit").

          3.1.2 The unpaid balances of long-term credit are as detailed in
                Appendix "T" attached hereto (hereinafter : "The balance of
                long-term credit" or "the principal of the long-term credit
                balance")

     3.2  The short-term credit framework

          Subject to the Company fulfilling all the obligations detailed in this
          Addendum, the Bank will grant the Company a foreign currency credit
          framework in the Company's account with the Bank in Israel for an
          amount of up to $3 million US dollars which will be in force up to
          January 20, 2003 (hereinafter: "the framework of the short-term
          credit").
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          It must be emphasized that the short-term credit framework is
          calculated as utilized in the amount of the sort-term credit balance
          as defined above, and therefore from the moment of the allotment of
          the short-term credit framework it will be calculated as being
          utilized in the amount of the balance of the short-term credit. It is
          emphasized that the whole credit included in the short-term credit
          framework will be fully repaid and settled not later than January 20,
          2003 (hereinafter: "the short-term credit").


          The rate of interest for the short-term credit will be Libor + 1.25%
          p.a.

          It is hereby also clarified that Company will be entitled but not
          obligated to make use of the unused short-term credit framework for
          the following banking services: short-term credits, credit frameworks
          in foreign currency, bank guarantees, opening and confirmation of
          documentary letters of credit, discounting transactions and hedging
          transactions - provided that the provisions in this addendum will
          apply to all types of utilization of the said short-term credit
          framework, including the final and absolute repayment up to and not
          later than January 20, 2003.

          Should the Company not fully utilize the short-term credit framework,
          the Company will be debited with an annual commission at a rate of
          0.25% of the total unutilized credit framework, in accordance with the
          quarterly calculation of the credit framework not utilized by the
          Company, and this in addition to the commissions connected with
          managing the account and executing transactions. The calculation and
          the debit will be carried out regarding every quarter at the beginning
          of the next quarter.

     3.3  The scheduling of the balance of long-term credit

              3.3.1      The Bank agrees that the balance of long-term credit
                         will be rescheduled and its conditions will be in
                         accordance with those detailed in clause 3.3.2, subject
                         to the fulfillment of all the prior conditions detailed
                         below:

                         a.     Up to and not later than March 31, 2002 amounts
                                equal and/or exceeding $7 million from sources
                                external to the Bank, will be invested in the
                                Company to the Bank's satisfaction.

                         b.     The Company will comply with all its obligations
                                to the Bank, whether in accordance with this
                                Addendum or whether in accordance with any other
                                document that the Company signed in relation to
                                the Bank, to the Bank's satisfaction.


              3.3.2      As mentioned, and subject to the fulfillment of all the
                         conditions detailed in clause 3.3.1, the Bank will
                         agree that the terms of rescheduling the long-term
                         credit will be as follows:

                         3.3.2.1   The interest will be paid in quarterly
                                   sequential payments on the last day of each
                                   of the months - March, June, September and
                                   December of every year, starting in




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                                   the year 2002 (hereinafter : "the date of
                                   payment of the interest" ).

                     3.3.2.2       The principal of the balance of the long-term
                                   credit will be repaid as follows:
                                   During 2002 an amount of 700 thousand
                                   U.S. dollars in four quarterly sequential
                                   installments, starting on March 31, 2002
                                   until December 31, 2002 for an amount of
                                   175 thousand U.S. dollars each.
                                   During 2003 an amount of 1 million
                                   U.S. dollars will be paid in four
                                   quarterly sequential installments, as of
                                   March 31, 2003 until December 31 2003, for an
                                   amount of 250 thousand U.S. dollars each.
                                   During 2004 a total of 2 million U.S. dollars
                                   will be paid in four quarterly sequential
                                   installments, starting on March 31, 2004
                                   until December 31, 2004 for an amount of 500
                                   thousand U.S. dollars each.
                                   During 2005 the balance will be paid in
                                   three quarterly sequential installments,
                                   starting on March 31, 2005 until
                                   September 31, 2005 in a total of 500
                                   thousand U.S. dollars each and an additional
                                   last payment on December 31, 2005
                                   which will be the balance remaining after
                                   paying all the above installments.

                     3.3.2.3       The rate of interest for the long-term credit
                                   (relating to all the long-term credit,
                                   excluding an amount of 2 million U.S. dollars
                                   as detailed below) will be Libor + 1.75% per
                                   year.
                                   It should be emphasized that 2 million
                                   U.S. dollars out of the above total long-term
                                   credit will be placed separately. The date of
                                   repayment of that credit will be on December
                                   31, 2005 and the rate of interest for it,
                                   during the whole period of credit will stand
                                   at Libor + 2.25% p.a.

                     3.3.2.4       The term Libor in this clause will be as
                                   defined in the management conditions and the
                                   Libor will be for periods of three months.
                                   Nevertheless, the Company may request to
                                   change the Libor period on the date of
                                   payment of the interest as defined above, and
                                   may request that the Libor will be for a
                                   period of a year, provided that all the
                                   following conditions will be fulfilled:
                                   a.  It will be possible to change the period
                                       of Libor only after the end of the period
                                       of Libor which will be in force at that
                                       time.
                                   b.  The Company will inform the Bank of its
                                       above request in writing, 7 days prior to
                                       the date of payment of interest.
                                   c.  The provisions of this clause relates
                                       only to the long-term credit.


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                                   d.  To avoid doubt, it is hereby clarified
                                       that the dates of interest detailed in
                                       clause 3.3.2.1 will remain in full force
                                       even if the period of Libor should be
                                       changed.

                         The other terms of the long-term credit will be as
                         detailed in the application to receive credit signed by
                         the Company at that time.

4.     Collateral

       4.1    All the collateral and/or guarantees that the Company delivered
              and/or will deliver to the Bank or that will be delivered and/or
              were delivered to us by a third party for the Company, will be
              used to secure the credit. Without derogating from the generality
              of the aforesaid, the general current charge that the Company
              created in favor of the Bank will also secure the credit.

       4.2    The Company will submit, not later than March 31, 2003, an
              undertaking of each of the subsidiaries according to which each of
              the subsidiaries will undertake to the Bank in various
              undertakings in connection with its assets, properties and rights
              and - inter alia - will undertake not to create a charge of any
              type whatsoever on its properties, assets and rights, or part
              thereof, without the Bank's prior agreement. The wording of the
              letter of undertaking is attached as Appendix A2 to this Addendum.
              In addition, the Company will submit by the above date, a decision
              of the Company and of each of its subsidiaries to sign the above
              letter of undertaking.
              The Company will also submit, by the above date, a certificate of
              a lawyer who will declare that he is familiar with the law
              applying to the state in which the relevant subsidiary was
              incorporated, regarding the validity of the above undertaking and
              the above decisions in accordance with the law applying to that
              state in which the subsidiary was incorporated.
              The wording of the Company's above decision and the wording of the
              above lawyers certificate is attached as Appendix A2 to this
              addendum.


5.     Financial coventions

       5.1    The Company undertakes that the Company's tangible shareholders'
              equity as defined above will not be less at any time than a rate
              of 25% of the total Company balance sheet, and that the Company's
              tangible shareholders' equity will not be less at any time than 29
              million U.S. dollars.

       5.2    The ratio between the total long-term debts and liabilities
              (exceeding 12 months) of the Company to the total banking system
              and other financial institutions (including abroad), plus the
              current maturities for the long-term debts and liabilities and the
              EBITDA less capital investments and (i.e. less capital
              expenditures), as defined above, will not exceed the following
              ratios:
                  The year 2002 - 1:6.5
                  The year 2003 - 1:5.5
                  The year 2004 - 1:5


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              It should be emphasized that the examination of the above ratios
              will be carried out each quarter during each of the years
              mentioned above. The calculation of the EBITDA regarding the three
              first quarters of the year will be as follows:
              The quarter relating to March 31, 2002:
              The EBITDA for the quarter ending March 31, 2002 will be
              multiplied by 4.

              For the quarter ended June 30, 2002:
              The aggregate total of the EBITDA for the first and second
              quarters of the year will be multiplied by 2.

              For the quarter ended September 30, 2002:
              The aggregate total of the EBITDA for the first, second and third
              quarters of 2002 will be multiplied by 4 and divided by 3.

              The calculation of the EBIDTA applying to the quarter ending
              December 31, 2002 will be as follows:
              The EBIDTA for the relevant quarter will be added to the EBIDTA
              for the three previous quarters and the three immediate previous
              quarter to that quarter (e.g.: in order to examine the above ratio
              in the first quarter of 2003 the EBIDTA for the first quarter of
              2003 will be added to the EBIDTA of the 3 last quarters of 2002).
              The EBIDTA and capital investments will be as defined above in
              clause 1.

       5.3    The total short-term debts and liabilities of the Company to the
              whole banking system and to other banking institutions (including
              abroad), will not exceed at any time 70% of all the Company's
              receivables for a period of up to 180 days (after provisions
              usually made in generally accepted accounting principles).
              It is clarified that in calculating the above debts and
              obligations all discounting transactions of receivables that the
              Company carried out or will carry out will be taken into account,
              and its is also clarified that in calculating receivables, the
              receivables included in the Company's financial statements for
              which discounting of receivables have been carried out should not
              be included.

       All the elements of the above financial covenants will be as these data
       appear in the quarterly and annual financial statements of the Company
       detailed below, and in the statements detailed in clause 7.3 below.


6.     Additional undertakings and declarations of the Company

       The Company undertakes that up to the final and full payment of the
       credit and if it does not receive the prior written agreement of the Bank
       to act otherwise, then:

       6.1    The Company will not take decisions regarding voluntary
              liquidation, changes in the structure of its corporation, a merger
              and/or decision regarding a comprise of arrangement within the
              meaning of the



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              Companies Law - 1999 or any other law to come in addition and/or
              instead and/or an application for a stay of proceedings under the
              Companies Law - 1999, or any other law that comes in addition or
              instead of it.
              The provisions of this clause relate both to the merger in
              accordance with the eighth section or the ninth section of the
              Companies Law - 1999, and regarding any other merger according to
              which most of the Company's assets are purchased by another
              corporation or according to which the shares of the Company are
              purchased, which give the purchaser control of the Company, or
              according to which the Company purchases directly or indirectly,
              most of the assets of another corporation or the shares of another
              corporation, which give it control in that corporation.
              Notwithstanding the aforesaid, the Company will be entitled to
              carry out reorganization of the Company and its subsidiaries,
              including the transfer of assets and operations from the Company
              to subsidiaries and from the subsidiaries to the Company and
              between themselves.

       6.2    The total debts and obligations of the Company to the Bank will
              not exceed at any time 40% of the total debts and obligations of
              the Company to the whole banking system and to other financial
              institutions (including abroad).

       6.3    The Company declares and confirms that regarding companies in
              which Company holds over 51% of their issued share capital, which
              are not included among the subsidiaries as defined in clause 1.4
              above (hereinafter jointly and severally: " the additional
              companies") as follows:
              a.     The additional companies have no debts and liabilities
                     whatsoever to any banks or to other financial institutions
                     (including abroad).
              b.     The additional companies will not create liens on their
                     assets.

       6.4    The Company hereby confirms that at the time of signing this
              letter it is not in violation of the above conditions and/or any
              of the other conditions detailed in this Addendum.


7.     Reporting

       7.1    In this clause the term "financial statements" will have the
              following meaning:
              The annual and quarterly financial statements of the Company
              prepared in accordance with generally accepted accounting
              principles; where the quarterly statements are reviewed and the
              annual financial statements are audited plus the notes to the
              financial statements and the management reports.

              The annual statements will be submitted to the Bank immediately
              after their publication, and in any case not later than 5 months
              from the end of the year.

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              The quarterly statements will be submitted to the Bank not later
              than 45 days from the end of each quarter.

       7.2    The Company will also deliver to the Bank the following
              reports/documents:

              7.2.1      Copy of every significant report submitted by the
                         Company to the SEC in the U.S and this immediately
                         after such submission.
              7.2.2      In addition, the Company will submit to the Bank from
                         time to time, reports, documents, information and
                         clarifications as far as required by it.

       7.3    In addition, the Company will submit to the Bank not later than 45
              days from the end of every quarter, details of all data regarding
              the financial covenants detailed in clause 5 above, and regarding
              the data connected with the aforesaid in clause 6.2 above, and
              this in accordance with the format attached at Appendix B to this
              letter and signed by the Company's CEO or VP Finance.

       7.4    The Company is obliged to submit all the reports detailed in this
              clause as long as the credits have not been fully repaid.


8.     Prepayments

       The Company will be entitled to make prepayment of the credit or any part
       thereof subject to the following accumulative conditions.

       8.1    Early repayment will be carried out only on the date of payment of
              interest as detailed in clause 3.3.

       8.2    Prior notice of 7 business days will be given to the Bank prior to
              the date of the expected payment.

       8.3    In the event where only part of the principal of a credit is paid,
              then the balance will be continued to be paid in the original
              amounts stated in the credit documents and the period of repayment
              will be shortened accordingly.

       8.4    On the date of the prepayment the Company will pay the Bank the
              principal amount prepaid plus interest on it and commissions up to
              that date.

9.     Demand for immediate payment

       With regard to any amount in the credit framework not yet granted at the
       time of the occurrence of what is mentioned in this clause - the Bank
       will be entitled not to grant it, if one or more of the occurrences
       detailed in clause 22 of the Management Conditions occur, or if one of
       the occurrences or more of the following occurrences in this clause
       occur:

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       Regarding credits granted to the Company prior to the occurrence
       mentioned in this clause, the Bank will be entitled to demand immediate
       payment of all unpaid balance of the credit plus every amount which will
       indemnify, in the Bank's opinion, the economic damage caused to the Bank
       due to such immediate payment, if one or more of the events detailed in
       clause 22 of the Management Conditions, or if one or more of the
       following events in this clause occur.

       9.1    If the Company violated any of its obligations under this
              Addendum, or if it becomes clear that any of its declarations is
              not correct.

       9.2    If the total of the debts and obligations of "Nur Media Solutions"
              to any banks and/or to other financial institutions (including
              abroad), will exceed at any time an amount of 1.1 million dollars.

              It is hereby clarified that in calculating the debts and
              obligations mentioned in this clause, the debts and obligations
              for leasing transactions carried out by the Company mentioned in
              this clause are not included regarding vehicles intended for
              employees, and regarding office equipment.

       9.3    If the total debts and obligations of Nur Europe Ltd. to any bank
              or to other financial institution (including abroad) will exceed
              at any time an amount of 500 thousand dollars or if the debts and
              obligations of Nur Europe Ltd. resulting from any other source
              which is not bank guarantees issued at its request and/or from
              discounting without recourse (including without recourse to Nur
              Europe and/or any company in the Nur Macroprinter Ltd. Group). It
              is clarified that in calculating the total debts and obligations
              mentioned in this clause, they will not include debts and
              obligations for leasing transactions carried out by the Company
              mentioned in this clause, regarding vehicles intended for
              employees and regarding office equipment.

       9.4    If any of the subsidiaries (which is not Nur Media Solutions Ltd.
              or Nur Europe Ltd.) and/or any of the other companies will have
              any debts and obligations to any banks and/or to other financial
              institutions (including abroad) and/or if any of the other
              companies will create any lien in favor of any third party, It is
              hereby clarified that in calculating the total debts and
              obligations mentioned in this clause, the debts and obligations
              for leasing transactions carried out by the companies mentioned in
              this clause regarding vehicles intended for its employees and
              regarding office equipment, will not be included.

       9.5    If any of the subsidiaries violates any of its obligations under
              the letter of undertaking signed by it in accordance with the
              provisions of clause 4.2 above.

       9.6    If an application for a stay of proceeding has been submitted
              against the Company in accordance with section 350 of the
              Companies Law - 1999



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              or in accordance with any additional or other law which replaces
              it, and these were not removed within 14 days; or if such an
              application was made against a subsidiary of the Company which was
              not removed as mentioned above, and in the opinion of the Bank
              this will worsen or risk the chances of the Bank to be repaid
              fully and in due time for credits and/or is liable to worsen or
              risk the value of the collateral given to the Bank.

       9.7    If on the agenda of the General Meeting and/or of a meeting of the
              Company's Board of Directors there will be a resolution regarding
              the following matters: A resolution under sections 350 and/or 351
              of the Companies Ordinance or a resolution on voluntary
              liquidation or a resolution on a merger and/or changes in the
              Company's structure.

       9.8    If the Company's shares will be suspended and/or delisted from
              trading on the stock exchange in the U.S. and the delisting and/or
              the suspension will not be removed within 5 days, or if trading in
              the Company's shares will be discontinued for a period exceeding 5
              trading days, provided that the above did not occur as a result of
              a general discontinuance of trading on the stock exchange.

10. Options

       10.1   At the time that the Company signs this Addendum, the Company and
              the Bank will sign a Warrant Agreement according to the wording
              attached hereto and marked with the letter "C".


11. Commission

       At the time of signing this letter, and as a condition for it coming into
       force, the Company will pay the Bank a commission for undertaking and
       preparation of the documents, of 25 thousand U.S. dollars, and this in
       addition to the commissions connected with managing its accounts and
       executing transactions.


12. Miscellaneous

       12.1   Should the Bank waive any prior violation or non performance of
              one or more of the Company's obligations to the Bank, and/or
              noncompliance with any terms in accordance with this Addendum,
              this will not be considered as an agreement to any additional
              violation or additional noncompliance of any of the terms or such
              undertakings; and should the Bank abstain from using any right
              given it under this Addendum or under any law, or be interpreted
              as a waiver of that right. No relief or waiver of any of these
              conditions by the Bank, will not obligate the Bank and not be
              considered as an agreement to noncompliance of any of the
              conditions unless issued in writing by the Bank.

       12.2   The rights of the Company under this letter and/or the documents
              mentioned in it and/or connected to it, cannot be assigned or
              transferred in any way whatsoever.

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       12.3   The Company, the shareholder, the directors and shareholders will
              not be entitled to present this document to any factor without the
              prior written agreement of the Bank. The aforesaid in this clause
              will not apply to the delivery of a document to the lawyer and to
              the auditor of the Company and/or its inclusion in the report to
              the Securities Authorities in the U.S. and/or its delivery to any
              factor or authority who are entitled to demand it by law.

       12.4   Every notice that the Company must deliver to the Bank in writing
              as mentioned in this Addendum, will be delivered by the Company to
              the Technology and Communications Sector. Such notice will be
              delivered by personal delivery or by registered mail or by
              facsimile, provided that the delivery by facsimile will be
              considered as delivered only if the Company will have a
              confirmation about the proper regular sending of the facsimile
              notice and telephone confirmation of the person receiving the
              facsimile in the Bank.

              Every notice that the Bank must deliver to the Company in writing
              as mentioned in this Addendum and/or any other document signed by
              the Company in favor of the Bank and/or according to any law will
              be delivered by the Bank to the VP Finance of the Company or to
              one of the employees under him. Such notice will be delivered by
              personal delivery or by registered mail or by facsimile, provided
              that on delivery by facsimile this will be considered as delivered
              only if the Bank has confirmation about the regular transfer of a
              facsimile notice and a telephone confirmation of the person who
              received the facsimile.

       12.5   Should stamp tax apply to this Addendum and the other documents
              signed in connection with it or according to it, will apply to the
              Company and be paid by it in due time.

       12.6   In every place where there will be a specific contradiction
              between the provisions of this Addendum and any other document
              signed by the Company prior to this document, the provisions of
              this document will prevail.

       12.7   To avoid doubt, the Company knows that without derogating from the
              aforesaid, the provisions of this letter will apply only after the
              signature of the Company on all the documents regularly required
              by the Bank regarding the credit and collateral, including the
              options agreement, submitting all the approvals required by the
              Bank to its satisfaction and payment of the commissions detailed
              in this letter above.


                        In witness whereof we hereby sign


                                Nur Macroprinters Ltd.

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                                                         Date: February 11, 2002
Messrs.
Nur Macroprinters Ltd.


The above, plus the general conditions for the opening of a credit account in
foreign currency and in Israeli currency is agreed by us.


                                                _____(X)___________(X)______
                                                     Bank Leumi Le'Israel B.M.


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                                                               February 12, 2002


Central Management Business Division
Technology and Communications Sector
High Technology Industries Branch.


Messrs:
Nur Macroprinters Ltd.


                         Re: Balance of long-term loans


Further to clause 3.3. of the Addendum to the general conditions for the opening
a credit account in foreign currency and in Israeli currency dated February 11,
2002, we hereby approve your application as follows:

The total balance of the long-term loan principal, correct as of February 11,
2002 is 15 million U.S. dollars.

To avoid doubt, it is hereby clarified that the above amount does not include
interest and commissions and other banking expenses.


                                                 Yours sincerely,

                                                ( - )        ( - )
                                             Bank Leumi Le'Israel B.M.

                                             -----------------------------
                                             (X)                       (X)


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