Document:

20-F

Exhibit 4.9  

AMENDMENT TO LOAN
AGREEMENT  

        THIS
AMENDMENT TO LOAN AGREEMENT (this “Amendment”) made as of the
31th day of March, 2009, by and between Attunity Ltd., an Israeli company (the
“Borrower”), and the Lenders set forth in Schedule 1
(the “Lenders”). 

W I T N E S S E T H: 

        WHEREAS,
the parties entered into that Loan Agreement, dated November 25, 2008 (the “Loan
Agreement; all capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Loan Agreement); 

        WHEREAS,
the parties wish to amend the terms of the Loan Agreement as further set forth herein. 

        NOW,
THEREFORE, the parties hereto hereby agree as follows: 

    1.        Definition
of Next Qualified Equity Financing. The words “in excess           of
US$1,000,000” in Section 4 of the Loan Agreement shall be amended and
          replaced with the following: “in excess of US$750,000.” 

         2.       
          Miscellaneous. Other than as specifically set forth herein, the Loan
          Agreement and the other Transaction Documents shall remain in full force and
          effect with no changes. 

[Signatures Follow] 

IN WITNESS WHEREOF the parties have
signed this Agreement in one or more counterparts as of the date first hereinabove set
forth. 

	ATTUNITY LTD.

By:
——————————————

Name: Dror Elkayam
Title: VP Finance		

	SHIMON ALON

By:
——————————————		

	AKI RATNER

By:
——————————————		

	BONALE FOUNDATION

By:
——————————————
Name:
Title:		

- 2 -20-F

EXHIBIT 4.10  

Summary –
Directors Compensation

General 

        The
following table sets forth all cash and cash-equivalent compensation we paid with respect
to all of our non-employee directors as a group for the periods indicated: 

		Salaries, fees,
commissions and bonuses
	Pension, retirement
 and similar benefits

	 		
			
			
			
	All directors as a group, consisting of 6 persons*	 	 	 		 	 		 
	for the year ended December 31, 2006	 	 	$	 65,000	 	$	 -	 
			

        *
Excluding Shimon Alon, our Chairman Chief Executive Officer, and Aki Ratner, our former
Chief Executive Officer and a member of our Board of Directors. For details, see Item 6B
of this Annual Report. 

        In
accordance with the approval of our shareholders, non-employee directors who are not
external directors receive an annual fee of $9,000 and an attendance fee of $300 per
meeting attended. Our non-employee external directors receive, effective July 2008, an
annual fee of $9,000 (equivalent to approximately NIS 36,000) and an attendance fee of NIS
1,590 (equivalent to approximately $400) per meeting attended, both linked to the Israeli
CPI. 

        In
November 2004, our Audit Committee and Board of Directors adopted a policy, which was
subsequently approved by the shareholders, according to which each of our non-employee
directors who may serve from time to time, including our continuing outside director, will
be granted options, as follows: 

	—	grant
of options under our stock option plans to purchase 10,000 ordinary shares for each year
for which such non-employee director holds office; 

	—	an
exercise price of all options equal to the fair market value of the ordinary shares on
the date of the grant (i.e., beginning with a grant of options to purchase 10,000
ordinary shares with an exercise price equal to the fair market value of the ordinary
shares on the date of the annual meeting of shareholders in which such director is
elected or reelected); 

	—	the
options will become fully vested within 12 months after the date of the grant; and

	—	any
outstanding options that are not vested at the time of termination of the director’s
service with the Company will be accelerated and become fully vested and exercisable for
a period of 180 days thereafter, unless termination was due to the director’s
resignation or for one of the causes set forth in the Companies Law. 

        In
November 2008, our Audit Committee and Board of Directors revised the said Stock Options
Policy, such that: 

	—	each
of our non-employee directors (other than Mr. Ratner, our former CEO), who may serve us
from time to time, will receive a grant of options under our stock option plans to
purchase 60,000 ordinary shares, which will be vested in three equal installments over
three years, rather than options to purchase 10,000 ordinary shares per year (or 30,000
over three years); 

	—	an
exercise price of all options equal to the fair market value of the ordinary shares on
the date of the grant (i.e., the closing price of our shares on the date of the annual
general meeting of shareholders in which such director is elected or reelected); and 

	—	the
portion of outstanding options that is scheduled to vest during the year at which the
director’s service with us is terminated or expires will be accelerated and become
fully vested and exercisable for a period of 180 days thereafter, unless termination was
due to the director’s resignation or for one of the causes set forth in the
Companies Law. 

        The
foregoing changes in the Stock Options Policy, which were approved by the shareholders in
December 2008, will not apply to stock options already granted to our non-employee
directors. 

        Other
than the foregoing fees, reimbursement for expenses and the award of stock options, we do
not compensate our directors for serving on our board of directors. 

- 2 -F-1/A

Exhibit 4.1  

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 RIGHTS CERTIFICATE #:

 	
  

 	
 NUMBER OF RIGHTS

 	
  

 

THE TERMS AND CONDITIONS OF THE RIGHTS
OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS 

DATED APRIL 6, 2009 (THE “PROSPECTUS”) AND ARE INCORPORATED HEREIN BY
REFERENCE. COPIES OF 

THE PROSPECTUS ARE AVAILABLE UPON REQUEST FROM THE COMPANY.

Attunity
Ltd

Incorporated under the
laws of the State of Israel

NON - TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE

Evidencing Non -
Transferable Subscription Rights to Purchase Ordinary Shares of Attunity Ltd

Subscription Price: $0.12 per Share

THE
SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00 P.M.,
EASTERN TIME,

ON _______ __, 2009

 

REGISTERED

OWNER:

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 THIS
 CERTIFIES THAT the registered owner whose name is inscribed hereon is the
 owner of the number of non-transferable subscription rights (“Rights”) set
 forth above. Each whole Right entitles the holder thereof to subscribe for
 and purchase [__] ordinary shares, with a par value of NIS 0.1 per share, of
 Attunity Ltd, an Israeli corporation, at a subscription price of $0.12 per
 share (the “Basic Subscription Right”), pursuant to a rights offering (the “Rights
 Offering”), on the terms and subject to the conditions set forth in the
 Prospectus and the “Instructions as to Use of Attunity Ltd Subscription
 Rights Certificates” accompanying this Subscription Rights Certificate. If
 any ordinary shares available for purchase in the Rights Offering are not
 purchased by other holders of Rights pursuant to the exercise
	
  

 	
 of
 their Basic Subscription Right (the “Excess Shares”), any Rights holder that
 exercises its Basic Subscription Right in full may subscribe for a number of
 Excess Shares pursuant to the terms and conditions of the Rights Offering,
 subject to proration, as described in the Prospectus (the “Over-Subscription
 Right”). The Rights represented by this Subscription Rights Certificate may
 be exercised by completing Form 1 and any other appropriate forms on the
 reverse side hereof and by retuning the full payment of the subscription
 price for each ordinary share in accordance with the “Instructions as to Use
 of Attunity Ltd Subscription Rights Certificates” that accompany this
 Subscription Rights Certificate.
	
  

 	
 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 This Subscription Rights Certificate is not valid
 unless countersigned by the subscription agent and registered by the
 registrar. 

 	
  

 
	
  

 	
 Witness the seal of Attunity Ltd and the signatures of
 its duly authorized officers.

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Dated:

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	

 

 	
  

 	

 

 	
  

 
	
  

 	
 Shimon
 Alon

 Chief Executive Officer

 	
  

 	
 Dror
 Elkayam

 Vice President, Finance and Secretary

 	
  

 	
  

 

DELIVERY OPTIONS FOR SUBSCRIPTION RIGHTS
CERTIFICATE
Delivery other than in the manner or to the
addresses listed below will not constitute valid delivery.

	
  

 	
  

 	
  

 
	
 If delivering by hand or overnight courier:

 	
  

 	
 If delivering by mail:

 
	
 American Stock Transfer & Trust Company, LLC

 	
  

 	
 American Stock Transfer & Trust Company, LLC

 
	
 Operations Center

 	
  

 	
 Operations Center

 
	
 Attn: Reorganization Department

 	
  

 	
 Attn: Reorganization Department

 
	
 59 Maiden Lane

 	
  

 	
 6201 15th Avenue

 
	
 New York, New York 10038

 	
  

 	
 Brooklyn, New York 11219

 

PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY.

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 FORM 1-EXERCISE OF SUBSCRIPTION RIGHTS

 	
  

 	
 FORM
 2-DELIVERY TO DIFFERENT ADDRESS

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 To subscribe for shares pursuant to your Basic Subscription Right, please complete
 lines (a) and (c) and sign under Form 3 below. To subscribe for shares pursuant
 to your Over-Subscription Right, please also complete line (b) and sign under
 Form 3 below. To the extent you subscribe for more Shares than you are
 entitled under either the Basic Subscription Right or the Over-Subscription
 Right, you will be deemed to have elected to purchase the maximum number of
 shares for which you are entitled to subscribe under the Basic Subscription
 Right or Over-Subscription Right, as applicable.

 	
  

 	
 If you wish for the ordinary shares underlying your
 subscription rights, a certificate representing unexercised subscription
 rights or the proceeds of any sale of subscription rights to be delivered to
 an address different from that shown on the face of this Subscription Rights
 Certificate, please enter the alternate address below, sign under Form 3 and
 have your signature guaranteed under Form 4.

_______________________________________________________________

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 (a) EXERCISE OF BASIC SUBSCRIPTION RIGHT:

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 _______________________________________________________________

 
	
 I apply for

 	
 _______________

 	
 shares  ́

 	
 $ [_____]

 	
 =

 	
 $_______________

 	
  

 	
  

 
	
  

 	
 (no. of new shares)

 	
  

 	
  (subscription price)

 	
  

 	
  (amount enclosed)

 	
  

 	
 _______________________________________________________________

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 (b) EXERCISE OF OVER-SUBSCRIPTION RIGHT

 	
  

 	
 FORM
 3-SIGNATURE

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 If
 you have exercised your Basic Subscription Right in full and wish to
 subscribe for additional shares pursuant to your Over-Subscription Right:

 	
  

 	
 TO SUBSCRIBE: I acknowledge that I have received the
 Prospectus for this Rights Offering and I hereby subscribe for the number of
 shares indicated above on the terms and conditions specified in the
 Prospectus. By signing below I confirm that (1) after giving effect to the
 exercise of my Rights, I will not beneficially own, as determined in
 accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as
 amended, more than 14.99% of the Company’s outstanding ordinary shares (calculated
 immediately upon the closing of the rights offering after giving effect to
 the Backstop Commitment, as described in the Prospectus) and (2), if I
 already beneficially own, as determined in accordance with Rule 13d-3 under
 the Securities Exchange Act of 1934, as amended, in excess of 14.99% of the
 Company’s outstanding ordinary shares I will not, via the exercise of the
 Rights, increase my proportionate interest in the Company’s ordinary shares
 (with respect to (1) or (2), any such excess shares, the “Excess Shares”).
 With respect to any such Excess Shares, I hereby (1) irrevocably appoint and
 constitute the Company, each of its authorized officers and their designees,
 and each of them, with full power of substitution, as my proxy and attorney
 in fact with full authority to vote and act by written consent with respect
 to any such Excess Shares on any matter submitted to shareholders for a vote
 or action by written consent, in the discretion of such proxy, to the same
 extent I would have the power to vote or act by written consent and (2) grant
 the Company a right for 90 days from the closing of the rights offering to
 repurchase such Excess Shares at the lesser of the $0.12 per share
 subscription price and the closing price of the Company’s ordinary shares on
 the Over-The-Counter Bulletin Board on the trading day immediately prior to
 the date on which notice is sent to the holder of the Company’s intent to
 exercise such right, which notice must be sent prior to the expiration of
 such 90 day period. I agree to cooperate with the Company and provide to the
 Company any and all information requested by the Company in connection with
 the exercise of the rights granted in the previous sentence.

	
 I apply for

 	
 _______________

 	
 shares  ́

 	
 $ [____]

 	
 =

 	
 $_______________

 	
  

 
	
  

 	
 (no. of new shares)

 	
  

 	
  (subscription price)

 	
  

 	
  (amount enclosed)

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 (c) Total Amount of Payment
 Enclosed  =  $________________________

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 METHOD OF PAYMENT (CHECK ONE)

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
   o

 	
  Check or bank draft drawn on a U.S. bank, or postal telegraphic or express money order payable to “American Stock Transfer & Trust Company, LLC, as Subscription Agent.” Funds paid by an uncertified check may take at least five business days to clear.

	
  

 
	
     o

  	
 Wire transfer of immediately available funds directly to the account maintained by American Stock Transfer & Trust Company, LLC, as Subscription Agent, for purposes of accepting subscriptions in this Rights Offering at JPMorgan Chase Bank, 55 Water Street, New York, New York 10005, ABA #021000021, Account # 957-341202 American Stock Transfer FBO Attunity Ltd, with reference to Attunity Rights Offer.

	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 Signature(s): ___________________________________________________

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 IMPORTANT: The signature(s) must correspond with the
 name(s) as printed on the reverse of this Subscription Rights Certificate in
 every particular, without alteration or enlargement, or any other change whatsoever.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 FORM
 4-SIGNATURE GUARANTEE

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 This
 form must be completed if you have completed Form 2.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 Signature Guaranteed: ____________________________________________

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 (Name of Bank or Firm)

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 By: ___________________________________________________________

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 (Signature of Officer)

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
 IMPORTANT: The signature(s) should be guaranteed by an
 eligible guarantor institution (bank, stock broker, savings & loan
 association or credit union) with membership in an approved signature
 guarantee medallion program pursuant to Securities and Exchange Commission
 Rule 17Ad-15.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]