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Exhibit 4.6

AMENDMENT TO
SHAREHOLDERS AGREEMENT

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).

WHEREAS,
Elbit, Altro Warenhandelsgesmbh (Altro) and Nir Alon are party to a
Shareholders Agreement, dated March 28, 2001 (the SA), relating to
their holdings of shares in the Company;

WHEREAS,
in August 2002, Nir Alon transferred all of his holdings in EVS to Altro;

WHEREAS,
 Altro is in the  process  of  transferring  all of its  holdings  in the  Company  to
Nir Alon Holding GmbH;

WHEREAS,
the Company, the New Shareholders and certain others are party to a Share Purchase
Agreement dated August 6, 2004, and amended effective September 1, 2004 (the New
SPA) pursuant to which the Company is to issue Ordinary Shares with a value of
up to $5,500,000 to the New Shareholders and certain other parties and the New
Shareholders are to have the right to appoint two (2) members to the Board, all as further
set forth therein (the Obligation); and

WHEREAS,
in order to have the Company comply with the Obligation, the Parties wish to have the New
Shareholders become a party to the SA and amend the SA on the terms and conditions
hereinafter set forth.

NOW,
THEREFORE, the parties hereby agree as follows:

1.       
          All terms used herein which are not otherwise defined herein shall have the
          meanings ascribed to them in the SA.

2.       
          Section 2.2of the SA shall be cancelled and replaced in its entirety
          with the following:

| | 2.2       

At any meeting of the shareholders of the Company at which members of the Board are to be
elected, the Shareholders and the New Shareholders hereby agree to vote or act with
respect to their shares so as to:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)
elect
to the Board of Directors of the Company three (3) Directors nominated by           Nir
Alon Holding GmbH or Altro, whichever holds the Ordinary Shares of the           Company
at such time (the Alon Shareholder) and provided that Nir           Alon is
one of the nominees of the Alon Shareholder, to appoint him as Chairman           of the
Board of Directors;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)
elect
one (1) member of the Board designated by Elbit, for so long as Elbit           holds at
least five percent (5%) of the Issued and Outstanding Capital (the           Elbit
Threshold) and where a reduction of Elbits holdings           below the Elbit
Threshold shall only occur as a result of a sale of the           Companys shares
by Elbit;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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| | (iii)
elect
two (2) members of the Board designated by the New Shareholders;
| | ----------------------------------------------------------------------------

| | (iv)
Notwithstanding
anything to the contrary in this Section 2.2: (a) in the event           that either (A)
the holdings of the New Shareholders in the aggregate or (B) the           Alon
Shareholder, represent at any time less than ten percent (10%) of the           Issued
and Outstanding Capital, as a result of the sale of the Companys           shares,
the Shareholders and New Shareholders shall vote their respective shares           to
elect one (1) member of the Board less than the number of directors set forth
          in Section 2.2(i) or 2.2(iii), as applicable to such party that at such time
          holds less than ten percent (10%) of the Issued and Outstanding Capital; and
(b)           in the event that either the holdings of the New Shareholders in the
aggregate           or the Alon Shareholder, represent at any time less than five percent
(5%) of           the Issued and Outstanding Capital, as a result of the sale of the
          Companys shares, the Shareholders and New Shareholders shall vote their
          respective shares to elect two (2) members of the Board less than the number of
          directors set forth in Section 2.2(i) or 2.2(iii), as applicable to such party
          that at such time holds less than five percent (5%) of the Issued and
          Outstanding Capital. Notwithstanding the above, in any event where the number
of           directors that either the New Shareholders or the Alon Shareholder is
entitled           to appoint is decreased pursuant to this Section 2.2(iv), the parties,
to the           extent permitted by applicable law and subject to the Articles of
Association of           the Company, shall attempt to fill such vacancy(ies) by voting
their respective           shares in favor of an individual to be mutually agreed upon by
a majority of the           New Shareholders, on the one hand, and the Alon Shareholder,
on the other.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | For
the
purposes of this Section 2.2, the term Issued and Outstanding Capitalshall
mean the number of issued and outstanding shares of the Company immediately following the
consummation of the New SPA. 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.       
          The following new Section 2.4 shall be added to the SA:

| | 2.4       

At any meeting of the shareholders of the Company at which members of the Board are to be
elected, or whenever members of the Board are to be elected by written consent, Elbit and
Nir Alon Holding GmbH hereby agree to vote or act with respect to their shares so as to
elect Yossef (Joseph) Barath as a member of the Board for so long as he is entitled to be
appointed pursuant to the Agreement entered into between Elbit and Yossef (Joseph) Barath
dated July 4, 1993.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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4.       
          Section 6.4 of the SA shall be cancelled and replaced in its entirety by the
          following:

| | 6.4       

This Agreement shall not be modified except in writing signed by Elbit, Nir Alon Holding
GmbH or Altro (as applicable) and a majority of the New Shareholders, provided however,
that the modification of Sections 1, 2.4, 3 and 3B shall not require the approval of any
of the New Shareholders.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5.       
          The following shall be added to Section 8, following the phrase Fax:
          09-9704200":

| | "if
to the New Shareholders:  c/o ScanMaster Systems (IRT) Ltd.               5B Ha'Nagar
Street               Neve Ne'eman B               Hod Hasharon 45800               Israel
              Fax:  (972) (9) - 746-4648               Attention:  Chief Executive Officer
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | with
a copy to:
| | ---------------

| | Gross,
Kleinhendler, Hodak, Halevy and Greenberg               One Azrieli Center (Round Tower)
              40th Floor               Tel Aviv 64731               Israel   
              Fax: (972-3) 607-4422               Attention: Richard J. Mann, Adv."
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

6.       
          Except as specifically amended herein, all terms, definitions and conditions of
          the SA remain in full force and effect.

7.       
          In the event of any inconsistency or conflict between the provisions of the SA
          and this Amendment Agreement, the provisions of this Amendment Agreement shall
          prevail and govern.

8.       
          Notwithstanding anything to the contrary herein, this Amendment Agreement shall
          only become effective upon the consummation of the New SPA (the
          Effective Date).

[remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the parties
hereto have executed this Amendment Agreement on the date first above-written to be
effective as of the Effective Date.

# For and on behalf of:

|ELBIT LTD.                          
By:      ________________________   
Name:    ________________________   
Title:   ________________________   NIR ALON                            
_____________________________
                                    
                                    
                                    M.S. MASTER INVESTMENTS (2002) LTD. 
By:      ________________________   
Name:    ________________________   
Title:   ________________________   R.D. MASTER INVESTMENTS (2002) LTD. 
                                    
By:      ________________________   
Name:    ________________________
Title:   ________________________ | ALTRO WARENHANDELS GMBH
By:      ________________________
Name:    ________________________
Title:   ________________________NIR ALON HOLDING GMBH
By:      ________________________
Name:    ________________________
Title:  ________________________S.R. MASTER INVESTMENTS (2002) LTD.
By:      ________________________
Name:    ________________________
Title:   ________________________AVNER SHACHAM
  
______________________________
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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