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Exhibit 4.16

| | Special Collective
Agreement Made
and entered into on April 26, 2006 | Collective Agreements Law, 5717-1957This collective agreement was duly 
registeredon July 15, 2006
Its no. being : 153/2006Shlomo Yitzhak, Adv.
The Chief Labor Relations Officer
| | -------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Between: | Blue
Square  Israel Ltd.
|-------- | -------------------------

| | (hereinafter
 the Company)
| | -----------------------------

Of the One Part

|A n d : | Union of Clerical, Administrative and Public 
Services Employees (MA'OF)
|------- | ------------------------------------------------------------------------

| | WorkersCommittee
| | -----------------

| | (hereinafter
 Workers Representation)
| | -----------------------------------------

Of the Other Part

|WHEREAS | the
 parties  desire to reserve the rights of female  employees  who are forced to bed
                  rest during their pregnancy;
|------- | -------------------------------------------------------------------------------------------------------------------------------------

|THEREFORE | the parties wish to make a change in Clause 4 of Section Twelve of the General Collective
Agreement signed on February 15, 1982 between the management of the Consumers Cooperation
Alliance  Central Cooperative Society Ltd. and the Central Committee of the Union of
the Clerical, Administrative and Public Services Employees of the Consumers Cooperation
Workers Organization (hereinafter  the General Collective
Agreement), as adopted on May 28, 1996 by the company, as set forth below:
|--------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|1. | Clause
4 of Section Twelve of the General  Collective  Agreement shall be cancelled,  and shall
         be superseded by the following:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------

| | 4. | A
pregnant worker who, according to a medical certificate, is forbidden to
               work,partially or completely, during her pregnancy, shall receive
the                high-risk pregnancybenefit from the National Insurance in
accordance                with the National Insurance Law.The Company shall
supplement the said                benefit up to the workers full pension-basedsalary,
as customary                in the Company. The Companys payment shall not replace
thesaid                allowance.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | However,
with respect to such worker who is not entitled to receive high-risk pregnancy
benefit under the National Insurance Law, the period of her absence from work
shall be considered sick leave, and her days of absence shall be deducted from her
sick leave quota.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | This
Agreement shall take effect from the date of signature hereof.
|-- | -------------------------------------------------------------------

|3. | The
parties agree to register this  agreement as a Collective  Agreement  under the
 Collective          Agreements Law 5717 - 1957.
|-- | ------------------------------------------------------------------------------------------------------------------------------------

# IN WITNESS WHEREOF the
parties have hereunto signed:

|Blue Square - Israel Ltd.
                         
                         
By: /s/ Gil Unger        
/s/ Moshe Shatz          

The Company | Eyal Eli
Chairman of the 
Workers Committee 
                      
By: /s/ Eyal Eli

The Workers' 
Committee | Israel General Labor FederationUnion of Clerical, Administrative and
Public Services Employees
The Central Committee
By: /s/ The Clerical Workers' Union

The Clerical Workers' Union
|------------------------------------------------------------------------------------------------------------------------------------------------------------ | --------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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