Exhibit 10.7

 

ICL — Israel Chemicals Ltd.

 

26.03.2014

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million for 6 Months

 

With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:

 

We hereby confirm that on 26.03.2014 the loan was renewed for an additional 6 months until 26.09.2014, in accordance with the following conditions:

 

Amount: $50,000,000

0.77625% interest to be paid in one payment at the end of the period

 

The interest is calculated as follows:

 

	
1.0325%
    	
Total interest Israel Chemicals   Ltd. pays for a similar loan
    
	
0.52%
    	
Interest the Israel   Corporation would receive for a deposit with similar conditions
    
	
0.77625%
    	
Average interest to be paid
    


 

 

Yours sincerely,

 

 

	
/s/ Kobi Ilia
    	
 
    
	
/s/ Eli Amit
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

30.09.2013

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million for 6 Months

 

With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:

 

We hereby confirm that on 26.09.2013 the loan was renewed for an additional 6 months until 26.03.2014, in accordance with the following conditions:

 

Amount: $50,000,000

0.85975% interest to be paid in one payment at the end of the period

 

The interest is calculated as follows:

 

	
1.0695%
    	
Total interest Israel Chemicals   Ltd. pays for a similar loan
    
	
0.65%
    	
Interest the Israel   Corporation would receive for a deposit with similar conditions
    
	
0.85975%
    	
Average interest to be paid
    


 

 

Yours sincerely,

 

 

	
/s/ Kobi Ilia
    	
 
    
	
/s/ Eli Amit
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

26.06.2013

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million

 

With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:

 

We hereby confirm that on 26.06.2013 the loan was renewed for an additional 3 months until 26.09.2013, in accordance with the following conditions:

 

Amount: $50,000,000

0.97675% interest to be paid in one payment at the end of the period

 

The interest is calculated as follows:

 

	
0.27675%
    	
LIBOR interest for three months   from 24.06.2013
    
	
0.70%
    	
Profit
    
	
0.97675%
    	
Total interest
    


 

 

Yours sincerely,

 

 

	
/s/ Kobi Ilia
    	
 
    
	
/s/ Herzel Bar Niv
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

25.03.2013

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million

 

With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:

 

We hereby confirm that on 25.03.2013 the loan was renewed for an additional 3 months until 26.06.2013, in accordance with the following conditions:

 

Amount: $50,000,000

0.9841% interest to be paid in one payment at the end of the period

 

The interest is calculated as follows:

 

	
0.2841%
    	
LIBOR interest for three months   from 21.03.2013
    
	
0.70%
    	
Profit
    
	
0.9841%
    	
Total interest
    


 

 

Yours sincerely,

 

 

	
/s/ Michael Hazan
    	
 
    
	
/s/ Osi Sessler
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

31.12.2012

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million

 

With regard to the $50 million loan granted to Israel Chemicals Ltd. by the Israel Corporation Ltd. on 26.06.2012:

 

We hereby confirm that on 26.12.2012 the loan was renewed for an additional 3 months until 25.03.2013, in accordance with the following conditions:

 

Amount: $50,000,000

1.01% interest to be paid in one payment at the end of the period

Therefore, the amount of USD 124,847.22 shall be paid on 25.03.2013.

 

The interest is calculated as follows:

 

	
0.31%
    	
LIBOR interest for three months   from 21.12.2012
    
	
0.70%
    	
Profit
    
	
1.01%
    	
Total interest
    


 

 

Yours sincerely,

 

 

	
/s/ Kobi Ilia
    	
 
    
	
/s/ Herzel Bar Niv
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

24.09.2012

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million

 

We hereby confirm that on 24.09.2012 the Israel Corporation provided Israel Chemicals Ltd. with a loan of $50 million in accordance with the following conditions:

 

Amount: $50,000,000

1.073% interest to be paid in one payment at the end of the period

Maturity date 26.12.2012

 

Therefore, the amount of USD 138,595.83 shall be paid on 26.12.2012

 

The interest is calculated as follows:

 

	
0.373%
    	
LIBOR interest for three months   from 20.09.2012
    
	
0.70%
    	
Profit
    
	
1.073%
    	
Total interest
    


 

 

Yours sincerely,

 

 

	
/s/ Kobi Ilia
    	
 
    
	
/s/ Eli Amit
    	
 
    
	
Israel Chemicals Ltd.
    	
 
    


 











 

ICL — Israel Chemicals Ltd.

 

26.06.2012

 

Israel Corporation

 

Dear Sirs/Madams,

 

Subject: Providing a Loan of $50 million

 

On 26.06.2012, a short-term loan of $50 million was provided to Israel Chemicals Ltd. by the Israel Corporation Ltd. in accordance with the following conditions:

 

Amount: $50,000,000

Interest: 1.22%, to be paid in one payment at the end of the period

Maturity date: 24.09.2012

 

 

Yours sincerely,

 

 

	
/s/ Michael Hazan
    	
 
    
	
/s/ Eli Amit
    	
 
    
	
Israel Chemicals Ltd.